all
of the following are classified as liabilities except
accounts receivable
notes payable
wages payable
accounts payable
taxes payable
notes payable wages payable accounts payable taxes payable
The correct option is Accounts Receivable
This is so because Assets are those which can yield some future
benefit whereas Liablities are those for which a company owe to
others.
So, whenever, a company makes sales on credit basis, it has the
benefit of receiving the due amount from the customers in future.It
is thus shown as Accounts Receivable and it is an asset, not
liablility
While in all other cases as given in the question , the company
owe to others and are thus liabilities.
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