The Purpose of Recording an Adjusting Entry for Salaries and Wages

question 180

Multiple Choice

The purpose of recording an adjusting entry for salaries and wages is to record wages:

• A)incurred but not yet paid.
• B)paid during the accounting period.
• C)paid in the prior accounting period.
• D)to be incurred in the next accounting period.

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Definitions:

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Appreciative Inquiry

An approach focusing on identifying and building upon an organization's strengths and successes rather than problems.

Discovery

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