What type of account is Salary payable and what is its normal balance?
A) Expense, debit
B) Liability, credit
C) Asset, debit
D) Revenue, credit

Name: What type of account is Salary payable and what is its normal balance? A) Expense, debit B) Liability, credit C) Asset, debit D) Revenue, credit
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Question

Quizplus · Accepted Answer

Salary payable is a liability account because it represents an amount the company owes to its employees. The normal balance of any liability account, including Salary payable, is a credit.

What Type of Account Is Salary Payable and What Is