An account with which of the following words is
always a liability?
asset
receivable
payable

Question

10-06-2024
Business

Answered

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An account with which of the following words is
always a liability?
asset
receivable
payable

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-10T19:21:01-04:00

Final answer:

Liabilities in business include accounts payable, accrued expenses, and payable, all representing money owed by a company.

Explanation:

Liabilities are obligations a company owes. Accounts payable, accrued expenses, and payable are examples of liabilities always impacting a balance sheet negatively. They represent money owed to others and are considered debts of the organization.

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Sagot :

Final answer:

Explanation:

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