Which of the following is NOT a liability?
A) provision for long service leave
B) interest payable
C) share capital
D) creditors.

Question

Quizplus · Accepted Answer

Share capital is a form of equity, not a liability. Liabilities are debts or obligations that a company owes to others, whereas equity represents ownership in the company. The other options (A, B, and D) are all examples of liabilities. Provision for long service leave represents the amount of money that a company expects to pay out in future for employee long service leave. Interest payable is the amount of interest that a company owes to its creditors for borrowing funds. Creditors are the companies or individuals that a company owes money to.

Which of the Following Is NOT a Liability