The amount of salary expense that a company records for a pay period will usually be less than the amount of salary payable that it records.

Name: The amount of salary expense that a company records for a pay period will usually be less than the amount of salary payable that it records.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

The amount of salary expense recorded for a pay period should equal the amount of salary payable recorded for that period, as both reflect the total salaries earned by employees during that time.

The Amount of Salary Expense That a Company Records for a Pay