Which account is not a liability account?

Account payable

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Accrued Expenses

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Cash

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Notes payable

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Solution

The correct option is C
Cash

(C) Cash is not a liability account.
Explanation
The economic value of an obligation or debt that is payable by the enterprise to other establishment or individual is referred to liability. Liabilities are non-depreciable in nature. A liability that wants to be paid and would create an outflow.

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