Question

--4. If the appropriate adjusting entry for accrued salaries is omitted at the end of a fiscal year:
A. assets for the period will be overstated
B. liabilities for the period will be understated
C. expenses for the period will be overstated
D. owner's equity for the period will be understated​

Answer 1

Answer

yes

Explanation:

A. assets for the period will be overstated

B. liabilities for the period will be understated

C. expenses for the period will be overstated

D. owner's equity for the period will be understated