Which of the following may be a liability of a business enterprise?
A) share capital
B) wages payable
C) retained profits
D) marketable security.

Question

Quizplus · Accepted Answer

Wages payable is a liability because it is a debt owed by the company to its employees for their work done but not yet paid. Share capital, retained profits, and marketable security are all assets, not liabilities.

Which of the Following May Be a Liability of a Business