The Entry to Recognize the Estimated Expense Related to Sick

question 19

Multiple Choice

The entry to recognize the estimated expense related to sick days would include a

• A) Credit to Salaries Expense
• B) Credit to Cash
• C) Credit to Sick Days Payable
• D) Debit to Sick Days Payable

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Definitions:

Business Strategies

Approaches and plans implemented by a business to achieve its goals and secure a competitive position in the market.

Organizational Strategies

Plans or approaches developed by businesses to achieve long-term goals and improve their position in the marketplace.