Which of the following entries is not one a firm would normally make? A) Debit salary expense, credit cash B) Debit salary expense, credit salaries payable C) Debit salaries payable, credit cash D) Debit salaries payable, credit salary expense
Which of the following entries is not one a firm would normally make? A) Debit salary expense, credit cash B) Debit salary expense, credit salaries payable C) Debit salaries payable, credit cash D) Debit salaries payable, credit salary expense
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 2EB: For each of the following accounts, identify whether it is nominal/temporary or real/permanent, and...
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Question
Which of the following entries is not one a firm would normally make?
A) Debit salary expense, credit cash
B) Debit salary expense, credit salaries payable
C) Debit salaries payable, credit cash
D) Debit salaries payable, credit salary expense
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