If salary expense has an ending balance of $48,000 and salary payable shows a decrease of $500,then the cash payment for salaries for the period was $47,500.

Question

Quizplus · Accepted Answer

The ending balance of salary expense only shows the total amount of salary expense incurred during the period, but it does not provide information about the cash payment for salaries. 
The decrease in salary payable could be due to payments made during the period, but it could also be due to other factors such as adjustments or refunds. Therefore, it cannot be assumed that the cash payment for salaries was $47,500 based on this information alone.

If Salary Expense Has an Ending Balance of $48,000 and Salary