The Account "Salaries Expense" Began with a Zero Balance and Then

question 61

Multiple Choice

The account "Salaries Expense" began with a zero balance and then had the following changes: increase of $450,decrease of $175,increase of $600,and an increase of $350.The final balance is a:

• A)credit balance of $1,225.
• B)debit balance of $1,225.
• C)credit balance of $1,575.
• D)debit balance of $1,575.

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Indirect Expenses

Costs not directly attributable to the production of a specific product or service, such as administrative salaries and utilities.

Expense Allocation

Expense allocation is the process of distributing expenses across various departments, projects, or products to accurately reflect where the costs were incurred.

Direct Expenses

Costs that can be directly attributed to the production of specific goods or services, such as raw materials and labor directly involved in manufacturing.