Which accounts are affected when the company pays salaries?
A)Assets and Capital
B)Liabilities and Capital
C)Assets and Expenses
D)None of the above are correct.

Question

Quizplus · Accepted Answer

When the company pays salaries, the asset Cash decreases while the expense Salaries Expense increases. Therefore, the affected accounts are Assets (Cash) and Expenses (Salaries Expense).

Which Accounts Are Affected When the Company Pays Salaries