Which of these is not a liability?
A) Wages payable
B) Bank overdraft
C) Accounts payable
D) Rent paid

Name: Which of these is not a liability? A) Wages payable B) Bank overdraft C) Accounts payable D) Rent paid
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Question

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Rent paid is a past expense and is not a liability. Liabilities are obligations to pay for goods or services received in the future. Wages payable, bank overdraft, and accounts payable are all examples of current liabilities.

Which of These Is Not a Liability