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

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

Quizplus · Accepted Answer

Wages paid are not a liability because they have already been paid out by the business. Liabilities refer to obligations or debts that a company owes and has yet to pay. GST payable, bank overdraft, and creditor are all examples of liabilities as they represent amounts owed that have not been paid yet.

Which of These Is Not a Liability