What Type of Account Is Salaries Payable

question 94

Multiple Choice

What type of account is Salaries Payable?

• A)Asset
• B)Contra-Asset
• C)Liability
• D)Owner's equity

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Definitions:

Moving

The act of changing one's residence or business location.

Miles Apart

A measurement of distance in miles between two locations.

Miles Per Hour

A measure of speed indicating the number of miles traveled in one hour.

Elapsed

Elapsed refers to the amount of time that has passed since the beginning of an event or process.