Answered

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An example of a liability that is reported in the balance sheet is:

A. accounts payable
B. sales revenue
C. cash in bank

Sagot :

GinnyAnswer

Final answer:

Accounts payable is a liability reported in the balance sheet, representing amounts owed to suppliers.


Explanation:

Accounts payable is an example of a liability reported in the balance sheet. Liabilities represent what the company owes, and accounts payable is the amount owed to suppliers for goods or services received but not yet paid for.


Learn more about liabilities here:

https://brainly.com/question/40225013


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