Which of the following is NOT a liability?
A) Unearned revenue
B) Provision for employee entitlements
C) Accrued revenue
D) Accrued expenses

Question

Quizplus · Accepted Answer

Unearned revenue, provision for employee entitlements, and accrued expenses are liabilities as they represent obligations or debts owed by the company. Accrued revenue, on the other hand, is an asset as it represents income that has been earned, but not yet received.

Which of the Following Is NOT a Liability