multiple choice question\nwhat is the account for employees net pay?\n salaries and wages payable\n salaries…

multiple choice question\nwhat is the account for employees net pay?\n salaries and wages payable\n salaries and wages expense\nneed help? review these concept resources.\nread about the concept

multiple choice question\nwhat is the account for employees net pay?\n salaries and wages payable\n salaries and wages expense\nneed help? review these concept resources.\nread about the concept

Answer

Brief Explanations:

To determine the account for employees' net pay, we analyze the options:

  • "Salaries and wages payable" is a liability account that represents the amount the company owes to employees for their net pay (after deductions like taxes, etc.).
  • "Salaries and wages expense" is used to record the total gross pay expense incurred by the company for employee services, not the net pay owed to employees.

So the correct account for employees' net pay is "Salaries and wages payable".

Answer:

A. Salaries and wages payable