Entry to record the sale of inventory on Cash will include a

Select one:

a. debit to Sales Revenue

b. debit to Accounts Receivable

c. credit to Cost of Goods Sold

d. debit to cash

When a corporation pays a note payable and interest

Select one:

a. Interest Expense will be decreased

b. credit Notes Payable and Interest Expense

c. Notes Payable will be decreased

d. debit Cash

The first level of the International Accounting Standards Boards (IASBs) Conceptual Framework serves as a bridge between thewhyof accounting and the howof accounting

Select one:

True

False