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:

Dynamic Equilibrium

The condition of a chemical reaction when the rate of change in one direction is exactly the same as the rate of change in the opposite direction (i.e., the concentrations of the reactants and products are not changing), and the

Total Entropy

In thermodynamics, it refers to the measure of the total amount of disorder or randomness in a system, often relating to the system's energy dispersal and the direction of spontaneous processes.

Forward Reaction

A chemical reaction where reactants convert into products, typically described from the perspective of proceeding in the direction written in a chemical equation.

Reverse Reaction

A chemical reaction in which the products reform the original reactants, effectively reversing the forward reaction.