Accrued salaries is a/an:
A) contra asset account.
B) asset account.
C) liability account.
D) equity account.

Name: Accrued salaries is a/an: A) contra asset account. B) asset account. C) liability account. D) equity account.
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Question

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Accrued salaries are salaries that have been earned by employees but have not yet been paid by the company. As a result, they are a liability that the company owes to its employees and are recorded as a liability account on the balance sheet.

Accrued Salaries Is A/an