Friday, October 9, 2020

Which one of the following accounts will have a normal credit balance?

Which one of the following accounts will have a normal credit balance?


A) Dividends.

B) Salary Expense.

C) Supplies.

D) Common Stock.


Answer: D

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...