The payment of employee salaries has what effect on the accounting equation? a.liabilities and stockholders' equity...
The payment of employee salaries has what effect on the accounting equation?
a.liabilities and stockholders' equity decrease
b.assets increase and liabilities decrease
c.assets and stockholders' equity decrease
d.assets decrease and liabilities increase
Homework Answers
Employee salaries are expenses and due to the expense the net income decreases. Due to the decrease in net income, the stockholders equity also decreases.
The payment of employee salaries will decrease cash balance which decreases assets.
Liabilities does not get affected due to the payment of salaries
Correct choice: Assets and stockholders equity decreases
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The payment of employee salaries has what effect on the
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