Which of the following is an example of Current Asset of a Mobile shop Merchandise Business? a. Accounts payable b. Salary and Wages paid by the business C. Interest expense d. Accounts receivable

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 1MC: Which of the following is an example of a contra revenue account? A. sales B. merchandise inventory...
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Which of the following is an example of Current
Asset of a Mobile shop Merchandise Business?
a. Accounts payable
b. Salary and Wages paid by the business
c. Interest expense
d. Accounts receivable
Transcribed Image Text:Which of the following is an example of Current Asset of a Mobile shop Merchandise Business? a. Accounts payable b. Salary and Wages paid by the business c. Interest expense d. Accounts receivable
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