When a Liability Is Accrued, the Account Decreased in the Transaction

question 84

True/False

When a liability is accrued, the account decreased in the transaction is a stockholders' equity account.

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Definitions:

Human Resource Information System

An integrated system designed to help manage HR processes, employee data, and organizational policies and procedures, often through technology.

HRIS

Human Resource Information System, a digital solution for managing and automating many aspects of HR practices, from recruitment to payroll.

Human Resource Surplus

A situation in which an organization has more staff than needed, leading to potential workforce downsizing or restructuring.

Internal Supply

The availability of resources, talent, or goods within an organization that can be utilized or mobilized to meet its needs.