Examlex
Your friend is trying to decide if her diet provides adequate amounts of vitamins and minerals and whether she needs to take supplements.Which guideline below would best help her make a sound decision?
Wages Expense
This is the total amount of wages a company pays to its employees, which is considered an expense on the income statement.
Accrued Wages
Refers to wages earned by employees but not yet paid by the employer.
Reversing Entry
An accounting entry that is made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.
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