Which of the following is NOT an example of a liability?
A) provisions for long service leave
B) share capital
C) accounts payable
D) loan payable.

Question

Quizplus · Accepted Answer

Share capital is not a liability as it represents the ownership interest in a company and is recorded in the equity section of the balance sheet. The other options (provisions for long service leave, accounts payable, and loan payable) represent obligations or debts that a company owes to others, and are classified as liabilities on the balance sheet.

Which of the Following Is NOT an Example of a Liability