QAEconomics › Which of the following is a type of liability?
Q

Which of the following is a type of liability?

A. A revenue stream

B. A liquid asset

C. Accounts payable

D. Accounts receivable

A

Answer: C. Accounts payable

A liability is a debt or obligation that is owed to someone or an organization, or something that represents a debt owed.

A revenue stream is a source of income or profit received from an investment. A liquid asset can be money at hand, or a valuable property that can easily be converted into cash without suffering any losses. Accounts receivable is debt owed to an organization or money expected from a debtor.

 

2 years ago
92 Views