Each type of deduction made from the employees' earnings is recorded in a separate
A) asset account.
B) expense account.
C) liability account.
D) revenue account.

Name: Each type of deduction made from the employees' earnings is recorded in a separate A) asset account. B) expense account. C) liability account. D) revenue account.
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Question

Quizplus · Accepted Answer

Deductions from employees' earnings, such as taxes and benefits, are recorded in liability accounts because they represent amounts owed to third parties.

Each Type of Deduction Made from the Employees' Earnings Is