What Type of an Account Is Wages and Salaries Payable

question 71

Multiple Choice

What type of an account is Wages and Salaries Payable?

• A) Asset
• B) Liability
• C) Revenue
• D) Expense

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Definitions:

Hidden Agenda

An undisclosed plan or motive hidden behind one's apparent actions or proposals.

Operational Goal

An operational goal is a short-term, specific objective that is designed to achieve operational outcomes and improve the efficiency of an organization.

Competitive Task

An activity or assignment in which participants compete against each other to achieve a goal or superior performance.

Group Goal

A target or objective sought by a collective group, which guides its actions and efforts.