Which Of The Following Is Recorded In The Cash Payments Journal? A. Adjusting Entry For Accrued Salaries | MCQ Solution

Solution To Multiple Choice Question (MCQ)

The correct answer is (b), as Cash Payments Journal is used to record cash payment transactions only. “Payment of employees’ Salaries” is a cash payment transaction in which cash account and salaries accounts are involved. Cash is going out of the business due to the payment of salaries made to employees during the current accounting period.