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:

Functionalist Theorists

Focus on how society maintains stability and order, viewing each part of society as functioning to maintain the whole.

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.

Ruling Class

denotes the social class that holds primary power and authority in a society, often owning the means of production or governing.