Write True or False to the Statements Below

question 162

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-The highest and longest mountain range in Europe are the Pyrenees.

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Definitions:

Salaries Expense

Salaries expense refers to the total amount paid to employees for services rendered during a specific accounting period, often reported on the income statement.

Salaries Payable

An account that records owed but unpaid wages to employees, regarded as a current liability on the balance sheet.

Prepaid Salaries

Expenses paid in advance for salaries, which are recorded as an asset on the balance sheet until they are actually incurred.

Salaries

Regular payments made to employees for performing their jobs, typically expressed as an annual amount but paid in smaller increments such as monthly or bi-weekly.