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 represents an amount owed by the business to its employees for work done but payment for which has not yet been made. Share capital, retained profits, and marketable securities are all assets of the business, not liabilities.

Which of the Following May Be a Liability of a Business