A B C D E 1 Account Debit Credit Impact on current ratio Impact on profit margin
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Question:
A | B | C | D | E | |||||
1 | Account | Debit | Credit | Impact on current ratio | Impact on profit margin | ||||
2 | Payroll expense | 72,000 | |||||||
3 | Accrued payroll | 72,000 | |||||||
4 | |||||||||
5 | Depreciation expense | 125,000 | |||||||
6 | Accumulated depreciation | 125,000 | |||||||
7 | |||||||||
8 | Prepaid insurance | 15,000 | |||||||
9 | Insurance expense | 15,000 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: