Which of the following would be listed in the liabilities section of the balance sheet?
A) retained earnings
B) short-term notes payable
C) debits
D) expenses

Question

Quizplus · Accepted Answer

Short-term notes payable represents a type of debt or liability that a company owes to creditors or lenders. Retained earnings, debits, and expenses are not liabilities but rather represent equity and expenses on the income statement.

Which of the Following Would Be Listed in the Liabilities