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What type of account is "Salaries Payable"? a) Asset b) Liability c) Revenue d) Expense

What type of account is "Salaries Payable"? a) Asset b) Liability c) Revenue d) Expense

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 1Q: Why is Accounts Payable classified as a current liability?
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What type of account is "Salaries Payable"? a) Asset b) Liability c) Revenue d) Expense
Transcribed Image Text:What type of account is "Salaries Payable"? a) Asset b) Liability c) Revenue d) Expense
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