The Entry To Adjust The Accounts For Salaries Accrued At The End of The Accounting Period Is What?
The entry to adjust the accounts for Expenses Accrued such as Salaries Accrued , Wages Accrued , Rent Accrued or any other expenses accrued at the end of the accounting period is recorded by a debit to relevant expense accounts i.e., Salaries Expense Account, etc., and a credit to relevant expenses accrued account such as salaries accrued account, etc. In Journal Entry form, we can show as below: (For Salaries Expense) Salaries Expense a/c XXX ...