If Salaries Payable increased, the amount of the increase would result in what computation to Salaries Expense?
A) Added to Salaries Expense
B) Nothing would change with Salaries Expense
C) Subtracted from Salaries Expense
D) Multiplied by Salaries Expense

Question

Quizplus · Accepted Answer

Salaries Payable is a liability account, and Salaries Expense is an expense account. When Salaries Payable increases, it means that the company owes more salaries to its employees. This increase in liability will result in an increase in Salaries Expense, as the company will need to record the expense of the salaries that it owes.

If Salaries Payable Increased, the Amount of the Increase Would