GB 518 RANK Motivated Minds/gb518rank.com GB 518 RANK Motivated Minds/gb518rank.com | Page 45

Has replaced accounting Has not changed the work that accountants do Has freed accounting professionals to concentrate more on the analysis and interpretation of information In accounting has replaced the need for decision makers In accounting is only available to large corporations 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: