Which of the following would not appear as a liability on the balance sheet?
A) A labor contract
B) A note due to a bank
C) Salary due employees at year-end
D) Accounts payable

Question

Quizplus · Accepted Answer

A labor contract is not a liability but rather an agreement between the employer and employee. The other three options (B, C, and D) are all examples of liabilities that would appear on the balance sheet.

Which of the Following Would Not Appear as a Liability