1. what happens when a company accrues salaries at the end of the accounting period. A. Its debt to equity ratio decreases. B. Its current ration increases. C. Its acid-test ratio increases. D. Its debt to equity ratio increases.

2. a sale on account would include which of the following. A. A crediting to an asset account. B. A debiting to a revenue account. C.A crediting to a liability account. D. A debit to an asset account.

3. which of the following is a permanent account. A. Gain on sale of equipment. B. Cost of goods sold. C. Depreciation expense. D. Accumulated depreciation.