What Are the Two Major Categories of Software? Give an Example

question 75

Essay

What are the two major categories of software? Give an example of each.

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Definitions:

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.