Liabilities increase by $75,000 and
expenses decrease by $75,000
Assets decrease by $75,000 and
expenses decrease by $75,000
Assets increase by $75,000 and
liabilities increase by $75,000
Question 7. 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 8. Question :
financial accounting is:
The primary objective of
To serve the decision-making needs of
internal users
To provide financial statements to help
external users analyze and interpret an organization's activities
To monitor and control company
activities