In Accounting, What Is the Difference Between a Liability Account and an Expense Account?. Accounting gives a business a way to keep track of its liabilities and expenses. A liability refers to a financial obligation, or upcoming duty to pay. An expense
What type of account balance does Retained Earnings carry? a. Debit b. Credit Do we count wages payable as liabilities? An asset account will normally have a: a. A debit balance b. There is no normal balance c. A zero balance d. A credit balance ...
An unearned revenue account is usually considered to be a(n) A) Liability B) Asset C) Revenue D) ExpenseClassify the Accounts Receivable account as a revenue, an expense, an asset, a liability, or an equity account. Is its normal balance a deb...
百度试题 结果1 题目.Which of these is an example of an liability account? ___ ___.相关知识点: 试题来源: 解析 Short-term loans 反馈 收藏
Which of the following is NOT a liability account:A.Accounts PayablesB.Rent PayablesC
What type of account is Prepaid Insurance? a. asset b. liability c. equity Accounts The financial activities of an organization are classified into different accounts. In order for the company to have an organize and accurate financial statements, they are named and categorized based ...
Which of the following is NOT a liability? A. accounts payable B. unearned revenue C. accumulated depreciation D. long-term debt Accounts: There are many accounts in an accounting system, and these are displayed through the chart of account...
Liabilities of discontinued operations:This is a unique liability. Companies are required to account for the financial impact of an operation, division, or entity that's currently being held for sale or has been recently sold. This also includes the financial impact of aproduct linethat has recen...
百度试题 结果1 题目Which of the following is an example of a "Liability"? A. Cash on hand B. Accounts Receivable C. Accounts Payable D. Inventory 相关知识点: 试题来源: 解析 C 反馈 收藏
百度试题 结果1 题目Which of the following is a current liability? A. Accounts Receivable B. Prepaid Expenses C. Long-term Debt D. Accounts Payable 相关知识点: 试题来源: 解析 D 反馈 收藏