How Does a Debit Balance in the Wages and Salaries

question 47

Multiple Choice

How does a debit balance in the wages and salaries expense account affect a firm's income statement?

• A)A debit balance will increase the expenses of the firm's income statement.This will increase the total expenses of the firm and decrease the net income of the firm.
• B)A debit balance will decrease the expenses of the firm's income statement.This will increase the total incomes of the firm and decrease the net income of the firm.
• C)A debit balance will increase the expenses of the firm's income statement.This will decrease the total expenses of the firm and increase the net income of the firm.
• D)A debit balance will increase the income of the firm's income statement.This will increase the total expenses of the firm and increase the net income of the firm.

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Definitions:

Project Milestones

Significant points or events within the project timeline that represent key achievements and progress points.

Project Leadership

The act of guiding and directing the project team to achieve project objectives.

Personal Appreciation

The recognition and valuation of one's abilities, qualities, or achievements, fostering positive self-regard and motivation.

Client Participation

The involvement of clients or customers in the development, decision-making, or feedback process of a project or service to ensure it meets their needs.