skeeziks2005
08.01.2021 •
Biology
According to the reading, the sun is NOT a typical star.
O True
O False
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Ответ:
d. debit salaries expense; credit salaries payable
Explanation:
Accrual in accounting means recognizing expense in the books of account in the period it is incurred instead of when cash is actually paid and recording or recognizing revenue in the period it is earned instead of the period cash is actually received.
In this case, accrued salary is a salary incurred in a period which will be paid in the future, It must be debited to expenses account so as to be matched against the revenue that it generates. This is consistent with both accrual and matching concepts in accounting.