Which of the following is a liability?

Related Mcqs:

Financial accounting provides financial information to all of the following external users except:

A. Government agencies B. investors C. Creditors D. Managers...

The Basic accounting equation is___________?

A. Asset=Expense +Income B. Assets=Cash+Capital C. Assets=Capital+Liabilities D. Assets=Expenses+Capital...

Closing stock is generally valued at______________?

A. Cost Price B. Market Price C. Cost price or Market price whichever is higher D. Cost price or Market price whichever is lower...

Which of these types of expenditure would not be treated as a Capital Expenditure?

A. Acquisition of an Asset B. Extension of an Asset C. Improvement of the existing Asset D. Maintenance of the Asset...

Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?

A. Written down to zero or its scrap value B. Shown in the Balance Sheet at its replacement cost C. Shown in the Balance Sheet at cost, but classified as a non-current asset D. Carried in the accounting records at cost until it is sold...