Which of these is an example of an liability account?
举一反三
- The purchase of office supplies on account will: （ ）. A: Increase an asset and decrease a liability B: Increase one asset and decrease another asset C: Increase an asset and increase a liability D: Decrease an asset and decrease a liability
- Which of the following items is not a liability?
- Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( ) A: expense account B: liability account C: owner' s equity account D: contra asset account
- Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly recorded.
- "How to open a bank account" is a typical example of ___________ process.