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3 years ago

Select the correct answer.

Business

1 answer:

Dima020 [189]3 years ago

5 0

The correct option is A

Explanation:

Under the accrual basis of an accounting system, an expense has to be booked in the period in which it is incurred whether such an expense has been paid or not.

The following Journal Entry will be passed in the books of accounts of a company:

Wages account will be debited with an amount of 5000 and Wages Payable account will be credited with an amount of 50000

Thus, the correct answer will be option A from the given options.

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Kazeer [188]

Answer:

The answer is C.

Explanation:

Assets of a company or firm is the addition of both liabilities and shareholders' equity.

The capital structure of a company mostly comprises debt and equity i.e it is either financed by debt (short-term and long-term debt) and equity (contribution from its owners).

Option A is not correct. That term is for shareholders' equity and not for asset.

Option B is not correct because either asset or liability can be lower or higher.

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Airida [17]

Answer:

The answer is: Strategic alliance

Explanation:

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Database Systems is considering expansion into a new product line. Assets to support expansion will cost $750,000. It is estimat

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Answer:

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Explanation:

The formula for computing net income and return on assets is shown below and the computation is also made.

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