Question

Which of the following is a list of liabilities?

A.accounts payable, bank loan, taxes payable, tax expense
B.accounts payable, bank loan, wages, taxes payable
C.accounts receivable, bank loan, taxes payable, accounts payable
D.accounts payable, bank loan, taxes payable, workers compensation payable

Answer 1

D. Is the correct answer because all of the payable accounts are owed as liabilities as well as loans