Staff salary remaining unpaid as at the year-end should be accounted for as: Debit Salary accrued account
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Question:
Staff salary remaining unpaid as at the year-end should be accounted for as:
Debit Salary accrued account and credit Staff salary account
Debit Staff salary account and credit Cash account
Debit Pre-paid Salary account and credit Staff salary account
Debit Staff salary account and credit Salary accrued account
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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