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The cycle effect refers to the tendency for presidents to ______.
Salaries Payable
An account that represents the total amount of wages earned by employees, but not yet paid by the employer.
Payroll Register
A document that records the payment details of a company's employees, including wages, deductions, and net pay.
Monthly Payroll
The total amount of money paid by a business to its employees in a month, encompassing wages, salaries, and other compensations.
Salaries Payable
A liability account that records the amount of salaries due but not yet paid to employees.
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