Which of the Following Choices Include Payroll Linked Accounts -

question 36

Multiple Choice

Which of the following choices include payroll linked accounts -

• A) assets - supplies, insurance
• B) liabilities - advances payable
• C) liabilities - CPP, EI, EHT
• D) revenue, purchases, discounts

---

Definitions:

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets (cash, marketable securities, and accounts receivable).

Financial Data

Quantitative information about a company's financial position, performance, and cash flow, used for analysis and decision-making.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with its most liquid assets without having to sell inventory.

Financial Data

Quantitative information about financial conditions, transactions, and performance of a person, company, or entity.