Which of the following is not a characteristic of a liability?

Are you having trouble answering the question “Which of the following is not a characteristic of a liability?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Which of the following is not a characteristic of a liability?

A) It represents a probable, future sacrifice of economic benefits.

B) It must be payable in cash.

C) It arises from present obligations to other entities.

D) It results from past transactions or events.

Answer: B

We hope you have got the correct answer to your question “Which of the following is not a characteristic of a liability?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *