What Type of an Account Is Wages and Salaries Payable

question 31

Multiple Choice

What type of an account is Wages and Salaries Payable?

• A) Asset
• B) Liability
• C) Contra-liability
• D) Expense

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Definitions:

Shopping Experience

The totality of a customer's interactions and perceptions about purchasing goods or services at a retail or online store.

Utilitarian

Pertaining to or advocating the philosophy that actions are right if they are useful or for the benefit of a majority.

Social Motives

Social motives are the psychological reasons behind individuals' desires to form and maintain relationships, participate in social groups, and seek acceptance and approval from others.