The Payment of Salaries to Employees Will Result in a Debit

question 105

Short Answer

The payment of salaries to employees will result in a debit to an expense account and a credit to the ___________ account.

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Definitions:

IMF

The International Monetary Fund, an organization aiming to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, and reduce poverty around the world.

Sustainable Economic Growth

Economic development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs, typically focusing on environmental, social, and economic balance.

Just War Theory

A theory for determining when a war can be considered legally and morally correct.

Competent Authority

The requirement that just war may be declared and run only by legitimately recognized nation-states.