Which of the following liability accounts does not usually require a future cash payment?

A) Accounts payable.
B) Unearned revenues.
C) Taxes payable.
D) Notes payable.

Question

Which of the following liability accounts doesnotusually require a future cash payment?A) Accounts payable.B) Unearned revenues.C) Taxes payable.D) Notes payable.

Caitlyn Santiago · Accepted Answer

Final Answer : B, Explanation :  Unearned revenues represent payments received in advance for goods or services that will be delivered in the future, so there is no future cash payment required. The other options (accounts payable, taxes payable, notes payable) all require a future cash payment to settle the liability.

Which of the following liability accounts does not usually require a future cash payment?

A) Accounts payable.
B) Unearned revenues.
C) Taxes payable.
D) Notes payable.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following liability accounts does not usually require a future cash payment?A) Accounts payable.B) Unearned revenues.C) Taxes payable.D) Notes payable.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following liability accounts does not usually require a future cash payment?

A) Accounts payable.
B) Unearned revenues.
C) Taxes payable.
D) Notes payable.