Q 4.13: salaries and wages expense should have been accrued on december 31st, but the entry was not made. the result of this oversight is that

Question

Joey

Business

2 October, 11:33

Q 4.13: salaries and wages expense should have been accrued on december 31st, but the entry was not made. the result of this oversight is that

+2

Answers (1)

Know the Answer?

Walter Osborne · Answer 1

The result of the oversight is that if salaries and wages are not recorded or shown as accrued for Dec. 31st, then it will look like there is more money in revenue than is actually there so it will give a false impression of the existing money on hand of an enterprise.