Which of the following accounts is not a liability?

Accounts Payable

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Accounts Receivable

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Salaries Payable

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Expenses Payable

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Solution

The correct option is B
Accounts Receivable

All of the above are liabilities except Accounts Receivable which is an asset.

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Similar questions

Beginning Salaries Payable − Ending Salaries Payable + Salaries Expense is equal to___

	(Rs)
Bills accepted	$1, 05, 000$
Discount received	$17, 000$
Purchases returns	$9, 000$
Return inwards	$12, 000$
Cash paid to accounts payable	$50, 000$
Bills receivable endorsed to creditor	$45, 000$
Bills dishonoured	$17, 000$
Bad debts	$14, 000$
Balance of accounts payable (closing)	$85, 000$
Credit purchases	$2, 15, 000$

What are the accounts payable?

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