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Which of the following would be considered a liability that arises from financing activities?

<p>a) Accounts Payable</p> <p>b) Notes Payable</p> <p>c) Tax Payable</p>

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Question added by Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date Posted: 2015/01/14
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

a) Accounts Payable

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

b) Notes Payable

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

b - Notes payable

Reason: Notes payable represents a liability that originates from financing activities. Liabilities that arise from financing activities typically require compensation in the form of interest. This can be contrasted with liabilities that arise from operating activities where interest bearing credit is not being extended but the liability arises from the normal course of business

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (b)   >>>>>>>>>  Notes Payable

Hany Sabry
by Hany Sabry , Finance Manager , Coffee Adress

I would say (B- Notes Payable ) is the correct answer 

Saiful Islam Hiron
by Saiful Islam Hiron , Site HR Manager , Handicap International

Best answer will be Accounts Payable.

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

Answer: Option A-------Accounts Payable

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