Which accounts are affected when the company pays salaries?
A)Assets and Capital
B)Liabilities and revenue
C)Assets and Expenses
D)None of the above is correct.

Question

Quizplus · Accepted Answer

When a company pays salaries, it is decreasing its assets (cash or bank balance) and increasing its expenses (salary expense). Therefore, the accounts affected are assets and expenses.

Which Accounts Are Affected When the Company Pays Salaries