GB 518 RANK Extraordinary Life/gb518rank.com GB 518 RANK Extraordinary Life/gb518rank.com | Page 41

decision makers

corporations

In accounting has replaced the need for

In accounting is only available to large

Question 6. Question: Of the following accounts, the one that normally has a credit balance is:

Cash Office Equipment Sales Salaries Payable Dividends Sales Salaries Expense

Question 7. Question: Net Income: Decreases equity

put into a business

Represents the amount of assets owners

Equals assets minus liabilities Is the excess of revenues over expenses

decision makers

corporations

In accounting has replaced the need for

In accounting is only available to large

Question 6. Question: Of the following accounts, the one that normally has a credit balance is:

Cash Office Equipment Sales Salaries Payable Dividends Sales Salaries Expense

Question 7. Question: Net Income: Decreases equity

put into a business

Represents the amount of assets owners

Equals assets minus liabilities Is the excess of revenues over expenses