Multiple Choice
Which accounts are affected when the company pays salaries?
A) Assets and Capital
B) Liabilities and revenue
C) Assets and Expenses
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q91: The purpose of the accounting process is
Q92: A revenue should be recorded when:<br>A)it is
Q93: The purchase of equipment with both cash
Q94: Boxes R' Us paid $5,000 in salaries
Q95: Statement of owner's equity shows the change
Q98: The income statement is completed after the
Q99: A law firm would be considered a:<br>A)merchandise
Q100: Strum Hardware has total assets of $60,000.What
Q102: Calculate the total Liabilities if the company
Q139: The payment of accounts payable would<br>A) increase