What Type of Account Is Salaries Payable

question 61

Multiple Choice

What type of account is Salaries Payable?

• A)Asset
• B)Expense
• C)Liability
• D)Owner's equity

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Definitions:

Carriers

Individuals or entities that transport or convey substances, such as proteins that transport ions across cell membranes or genetic carriers of disease traits.

Measurable Outcome

A quantifiable or observable result or effect that is used to gauge the success of a project or activity.

Objective

A specific, measurable, attainable, relevant, and time-bound goal that drives project or business activities.

Effort

The amount of work or energy expended towards the accomplishment of a task or objective.