The ________ reflects all unpaid payroll liabilities at any point in the financial period.
A)Income statement
B)Statement of Owners' Equity
C)Payroll register
D)Balance sheet

Question

Quizplus · Accepted Answer

The balance sheet reflects all unpaid payroll liabilities at any point in the financial period. The balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. It is used to give a snapshot of a company's financial position at a given point in time. The liabilities section of the balance sheet will include any unpaid payroll liabilities that the company has accrued.

The ________ Reflects All Unpaid Payroll Liabilities at Any Point