identify the account below that is classified as a liability account\nmultiple choice\nservices…
identify the account below that is classified as a liability account\nmultiple choice\nservices revenue\nequipment\nsalaries expense\naccounts payable\ncash
Answer
Brief Explanations:
Liability accounts represent obligations of a company. Services Revenue is income, Equipment is an asset, Salaries Expense is an expense, and Cash is an asset. Accounts Payable is an amount a company owes to its creditors, which is a liability.
Answer:
D. Accounts Payable