Question

All of the following are liabilities except
a) accounts receivable.b) salaries payable.c) notes payable.d) accounts payable.

Answer 1

Answer:

Accounts receivable

Explanation:

Accounts receivable is a component or part of the current assets. It is the amount that is created by selling the goods on account. Such receipts are receivable within the duration of one year.

Salaries payable is a part of current liabilities.

Notes payable is also a part of current liabilities.

Similarly, accounts payable is also a part of current liabilities.

Such payments are payable within the duration of one year.