Which of the following items would NOT be classified as a liability?

Accounts receivable represents money that customers owe your business for goods or services that have been delivered but not yet paid for. This is classified as an asset because it is expected to bring future economic benefits when the payments are received. Essentially, accounts receivable reflects your business's claim to cash that is anticipated from customers, thus generating revenue, rather than representing an obligation or debt that your business needs to settle.

In contrast, debts owed to suppliers, loans payable, and accrued expenses are all forms of liabilities. They reflect existing obligations that your business must fulfill in the future, typically involving the outflow of resources to settle these debts.