What type of account is Salaries Payable?
A)Asset
B)Expense
C)Liability
D)Owner's equity

Name: What type of account is Salaries Payable? A)Asset B)Expense C)Liability D)Owner's equity
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Question

Quizplus · Accepted Answer

Salaries Payable is a liability account. It represents the amount of money that a company owes to its employees for the work they have done but have not yet been paid for. It is classified as a current liability on the balance sheet as the payment is due within one year.

What Type of Account Is Salaries Payable