An Adjusting Entry That Credits Salaries Payable Is an Example

question 41

Multiple Choice

An adjusting entry that credits Salaries payable is an example of a(n) :

• A) accrued expense.
• B) unearned revenue.
• C) accrued revenue.
• D) prepaid expense.

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Definitions:

Breadwinner

A person who earns money to support their family, typically the sole or primary earner in a household.

Discretionary Income

Money remaining after the costs of basic necessities have been paid.

Basic Necessities

Essential items required for survival, including food, clothing, shelter, and clean water.

Lack of Education

A state or condition where an individual has not received sufficient formal learning or instruction.