Multiple Choice
Which type of account is credited when a company pays its employees?
A) an asset account
B) an expense account
C) a liability account
D) the owners' equity account
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q39: A trial balance is:<br>A) a list of
Q40: An expense account is known as a
Q41: Receiving cash from a customer on account
Q42: A balance sheet is a required financial
Q43: The trial balance lists all the balance
Q45: In the journal you will find the
Q46: Which of the following statements regarding accounts
Q47: The normal balance of Accounts Receivable is
Q48: A ledger is the first place where
Q49: The left side of a T-account is