Staff salary remaining unpaid as at the year-end should be accounted for as: (a) Debit Staff salary
Question:
Staff salary remaining unpaid as at the year-end should be accounted for as:
(a) Debit Staff salary account and credit Cash account
(b) Debit Staff salary account and credit Salary accrued account
(c) Debit Salary accrued account and credit Staff salary account
(d) Debit Prepaid salary account and credit Staff salary account
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: