WAEC Accounting 2025 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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On the balance sheet, accruals, notes payable, and account payable are listed under which category?
- A. Current LiabilitiesCorrect
- B. Accumulated Liabilities
- C. Noncurrent Liabilities
- D. Accrued Liabilities
Explanation
Accruals, notes payable and other short-term obligations due on the business are all posted to the current liabilities of the business in the balance sheet.
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