All of the following are examples of current liabilities EXCEPT
A) accounts receivable.
B) accounts payable.
C) accruals.
D) notes payable.

Name: All of the following are examples of current liabilities EXCEPT A) accounts receivable. B) accounts payable. C) accruals. D) notes payable.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Accounts receivable is not a liability, it is an asset. The other options are all current liabilities, meaning they are obligations that must be paid within a year.

All of the Following Are Examples of Current Liabilities EXCEPT