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Regular medical checkups, exercise, and a healthy diet are all considered to be examples of
Accrue Employee Salaries
The process of recognizing the cost of salaries earned by employees but not yet paid to them.
Salaries Expense
An income statement item representing the total amount paid to employees in the form of salaries and wages during an accounting period.
Salaries Payable
A liability account that records the amount of salaries owed to employees but not yet paid.
Accrued Expenses
Expenses that have been incurred but not yet paid, recognized in the accounting period they are incurred, not when they are paid.
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