A salary owed to employees is an example of an accrued expense.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The internal document prepared to notify the appropriate persons that goods ordered have been received, describing the quantities and condition of the goods is the:
A. Purchase order. B. Purchase requisition. C. Invoice. D. Invoice approval. E. Receiving report.
Select one of the following functional managers and discuss how they might use accounting information in their managerial role: marketing manager, operations/production manager, human resource manager, or finance manager
Which element below is defined as dependence on the integrity, ability, honesty, and reliability of someone or something else?
a. Faith b. Assurance c. Trust d. Conviction
Which of the following sentences demonstrates effective business writing?
A) As per your request, enclosed is our latest catalog. B) Enclosed is our latest catalog. C) The latest catalog is contained under separate cover. D) Pertaining to your request, our latest catalog is enclosed.