Which of the following is a current liability?
A) accounts receivable
B) cash
C) notes payable
D) inventory

Question

Quizplus · Accepted Answer

Notes payable is a type of liability that represents the amount of money owed to creditors and other lenders within a specific period of time, typically one year or less. Accounts receivable and inventory are assets, while cash is not a liability or an asset but rather a type of financial resource that a company can use to meet its obligations.

Which of the Following Is a Current Liability