Salary was stated as a debit balance in the Trial Balance amounting to RM9,000. The...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Salary was stated as a debit balance in the Trial Balance amounting to RM9,000. The salary per year was to be adjusted to RM12,000. Hence, how is the presentation of this adjustment in Statement of Financial Position?
Select one:
a. Accrued Salary RM3,000
b. Accrued Salary RM12,000
c. Prepayment Salary RM3,000
d. Salary expenses RM12,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.