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Angelina Hourn
on Nov 18, 2024

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For a month's transactions for a typical medium-sized business, the salary expense account is likely to have only credit entries.

Salary Expense Account

An account recording the total amount paid to employees for services rendered during a specific period, before any deductions.

Credit Entries

Entries made in the accounting records that increase liabilities or decrease assets.

  • Pinpoint the traits and regular balances of various kinds of accounts, encompassing assets, liabilities, equity, revenue, and expenses.
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Swornim SHRESTHANov 19, 2024
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