The adjustment for accrued wages was NOT done;this would cause:

Name: The adjustment for accrued wages was NOT done;this would cause:
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Accrued wages represent an expense incurred by the company but not yet paid. If the adjustment for accrued wages is not done, it means that the expenses are not recorded, resulting in an understatement of liabilities. This understatement of liabilities will also lead to an understatement of expenses, which will ultimately result in an understatement of net income.

The Adjustment for Accrued Wages Was NOT Done;this Would Cause