A

Admin • 802.91K Points
Coach

Q. Salary paid in advance is classified as:

  • (A) Liability
  • (B) Expense
  • (C) Income
  • (D) Asset
  • Correct Answer - Option(D)
  • Views: 3
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
Salary paid in advance is an asset as it gives future economic benefit.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.