Multiple Choice
What is the result if the amount of profit for the year is less than the amount of the drawings?
A) The amount in the Cash account decreases.
B) The amount in the Cash account increases.
C) The Capital account decreases.
D) The Capital account increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Under which of the following categories would
Q2: Revenues total $10 200. Expenses total $7
Q3: Please refer to the following partially completed
Q4: Which of the following accounts does NOT
Q6: Please refer to the worksheet below:<br> <img
Q7: Where does Profit appear on a worksheet?<br>A)Profit
Q8: Which of the following would be considered
Q53: Cash is a temporary account.
Q102: Accounts receivable is a permanent account.
Q154: Accumulated depreciation is a permanent account.