Question: On September 1 , 2 0 2 2 , Eve s Fantastic Tutoring hired a student tutor and promised to pay a monthly salary of

On September 1,2022, Eves Fantastic Tutoring hired a student tutor and promised to pay a monthly salary of $3000. As of September 30,2022, which is the fiscal year end of Eves Fantastic Tutoring, the company has used labor of the student for a month. According the companys policy, tutors salary of $3000 for September will be paid on October 5,2022.
GAAP requires the salary expense of $3000 to be recorded by the company on October 5,2022.
True
False

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