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:

Few Demands

An approach or situation where minimal requirements or expectations are imposed, often used in the context of parenting or leadership styles.

Little Punishment

Mild or minimal disciplinary actions intended to correct undesirable behavior without causing harm or resentment.

Authoritarian

Pertaining to a form of government or leadership style characterized by strict obedience to authority and often a lack of personal freedom.

Permissive

A style of behavior or attitude that is liberal and allows for freedom or leniency, especially in contexts of parenting or authority.