Liabilities of a company would not include
A) notes payable.
B) accounts payable.
C) wages payable.
D) cash.

Question

Quizplus · Accepted Answer

Liabilities are debts or obligations owed by a company to others. Notes payable, accounts payable, and wages payable are all examples of liabilities as they represent amounts owed to creditors, suppliers, and employees. Cash, on the other hand, is an asset as it represents the amount of money a company has on hand or in its bank accounts.

Liabilities of a Company Would Not Include