The payment of salaries to employees will debit salaries expense account and credit ____________________

Fill in the blank(s) with correct word


cash account

Business

You might also like to view...

A key modifying assumption in internal control is that the internal control system is the responsibility of management

Indicate whether the statement is true or false

Business

A very small company would have the most difficulty in implementing which of the following internal control activities?

a. Separation of duties b. Periodic independent verification c. Limited access to assets d. Sound personnel procedures

Business

Which of the following courses of action is best suited for a company in the event of its late entry

into a market? A) designing new products B) adjusting first year sales downward C) repositioning the existing product D) arranging for a backup channel partner

Business

Agency theory has which two central actors?

a. Manager/owner b. Principal/agent c. Agent/manager d. Agent/artist

Business