An Adjusting Entry That Credits Salaries Payable Is an Example

question 101

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:

Registered Public Company

A business entity that has completed the required processes to offer its shares to the general public through a stock exchange.

Pay Bills Form

A document or online interface through which individuals or businesses submit payment for outstanding invoices.

Expense Form

A document used by employees to report out-of-pocket expenses for which they request reimbursement.

Check Form

A document used to authorize a bank to pay a specified sum of money from the account holder's account to a named individual or entity.