Question
How does a debit balance in the wages and salaries expense account affect a firm's income statement? a) A debit balance will increase the expenses
How does a debit balance in the wages and salaries expense account affect a firm's income statement?
| a) | A debit balance will increase the expenses of the firm's income statement. This will increase the total expenses of the firm and decrease the net income of the firm. | |
| b) | A debit balance will decrease the expenses of the firm's income statement. This will increase the total income of the firm and decrease the net income of the firm. | |
| c) | A debit balance will increase the expenses of the firm's income statement. This will decrease the total expenses of the firm and increase the net income of the firm. | |
| d) | A debit balance will increase the income of the firm's income statement. This will increase the total expenses of the firm and increase the net income of the firm. |
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Lease Audits The Essential Guide
Authors: Theodore H Hellmuth
1st Edition
0934055041, 978-0934055048
