The adjustment for salaries owed but not yet paid to employees will decrease the balance in the Salary Expense account.

Name: The adjustment for salaries owed but not yet paid to employees will decrease the balance in the Salary Expense account.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The adjustment for salaries owed but not yet paid increases the Salary Expense account because it recognizes the expense incurred during the period, even though the cash has not yet been paid out.

The Adjustment for Salaries Owed but Not Yet Paid to Employees