If a Company Made a Payment on Account, Then Assets

question 36

True/False

If a company made a payment on account, then assets and liabilities would both decrease.

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Definitions:

Control Panel

A part of the operating system that provides users with the ability to change system preferences and oversee the operation of hardware and software capabilities.

Icons

Small graphical symbols or images that represent programs, files, functions, or commands within a computer interface.

Dialog Box

A small window that prompts the user to enter information or select options when interacting with software applications.

Standard User

A type of computer account with permissions to use most software and system functions but restricted from making significant changes that affect system security or other users.