Which of the following is NOT an example of a liability?
A) Provisions for long service leave
B) Share capital
C) Accounts payable
D) Loan payable

Question

Quizplus · Accepted Answer

Share capital is an example of equity, not liability. Liabilities are obligations or debts that a company owes to others, such as accounts payable and loan payable. Provisions for long service leave can also be considered a liability as it represents an obligation to pay employees for time off.

Which of the Following Is NOT an Example of a Liability