Which of the following is a liability?
A) Accrued revenue
B) Accumulated depreciation
C) Allowance for doubtful debts
D) Unearned revenue

Question

Quizplus · Accepted Answer

Unearned revenue is a liability as it represents an advance payment received from customers for goods or services that are yet to be delivered. Accrued revenue is a current asset, accumulated depreciation is an contra asset, and allowance for doubtful debts is a contra asset account associated with accounts receivable.

Which of the Following Is a Liability