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adam company's operating expenses (excluding depreciation expense) were $80,000 and its balance in prepaid insurance decreased by $5,000. cash paid for operating expenses was:

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AmishaSrivastavaidn

Adam company's operating expenses (excluding depreciation expense) were $80,000 and its balance in prepaid insurance decreased by $5,000. cash paid for operating expenses was: $80,000-$5,000= $75,000.

What is balance?

  • The actual amount of the account. A bank  or  credit card account.
  • In banking and accounting, the balance is the unpaid (or unpaid) amount of the account.
  • In accounting, a "balance" is the difference between the total debits and total credits posted to an account during an accounting period.
  • A balance sheet is especially important because it informs you and other stakeholders about your financial situation.
  • Keeping this information up to date will help you make better management decisions.
  • Additionally, it helps improve  operational efficiency, borrowing, and overall financial health.
  • There are three  types of scales: Symmetrical, asymmetrical, radial.
  • The human figure in this figure is symmetrically balanced. It is the same on the left and right sides of the central axis.

to learn more about balance from the given link :

https://brainly.com/question/28699225

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