Answered: Which of the following is a…

Business

Accounting

Which of the following is a contra-liability account? a. Notes Payable b. Discount on Notes Payable c.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16MC: Which of these accounts is a liability? A. Accounts Receivable B. Supplies C. Salaries Expense D....

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Question

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Which of the following is a contra-liability account?

Notes Payable

Discount on Notes Payable

Accumulated Amortization

Taxes Payable

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