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romanna [79]
3 years ago
12

Which statement is true about ledger balances?

Business
2 answers:
ivann1987 [24]3 years ago
7 0

Answer:

Equity accounts have credit balances.

Choice C

Explanation:

In ledger accounts, Equity, Liability and Revenue accounts have credit balances.

On the other hand, Asset and Expense accounts have debit balances.

Lera25 [3.4K]3 years ago
3 0

Answer:

The correct answer would be option C, Equity Accounts have credit balances.

Explanation:

General Ledger is the set of accounts that businesses keep and maintain to have a record of their financial transactions. These ledger accounts help the accountants to make the financial statements and reports of the organization. Each account contains full detail about the specific account title

Assets and expenses would have debit balances, while liabilities, equities and revenues would have credit balances.

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2 years ago
Marx Company has a current production capacity level of 200,000 units per month. At this level of production, variable costs are
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Answer:

Effect on income= 7,500 increase

Explanation:

Giving the following information:

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5 0
4 years ago
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Which of these statements is true about professional skills? A. They are only important in jobs that require a college degree. B
grigory [225]
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4 0
3 years ago
Quaker introduced its "quaker oats to go" bar and marketed it as a healthy and convenient breakfast choice. quaker marketing mes
Doss [256]
<span>quaker marketing message is designed to help the consumer to :
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3 years ago
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Scilla [17]

Answer:

$131,000

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