Which of the following does not affect the current liabilities section of the balance sheet?
A) Purchase of inventory on credit
B) Wages owed to employees but not yet paid
C) Insurance bill to be paid next month
D) Sale of goods on credit
E) A probable legal obligation, due within 12 months

Question

Quizplus · Accepted Answer

The sale of goods on credit impacts current assets, accounts receivable. All the other items are liabilities that the company must pay within the next year, current liabilities.

Which of the Following Does Not Affect the Current Liabilities