Which of the following would NOT be included as a liability in a corporate balance sheet?
A)Accruals
B)Notes payable
C)Accounts payable
D)Depreciation

Question

Quizplus · Accepted Answer

Depreciation is not a liability on the balance sheet, as it is a non-cash expense related to the depreciation of assets. Liabilities are obligations that a company owes to others, such as creditors or suppliers, and typically involve the payment of cash or other assets in the future. Accruals, notes payable, and accounts payable are all examples of liabilities that would be included on a balance sheet.

Which of the Following Would NOT Be Included as a Liability