Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

APA Exam CPP-Remote Topic 7 Question 51 Discussion

Actual exam question for APA's Certified Payroll Professional exam
Question #: 51
Topic #: 7
[All Certified Payroll Professional Questions]

What is the effect of failing to record salaries that are earned but not paid at the end of an accounting period?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Latia at Jul 16, 2024, 07:06 AM

Limited Time Offer

25%

Off

Get Premium CPP-Remote Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Annette
19 days ago
I disagree with Almeta, as not recording salaries would actually lead to understatement of expenses.
upvoted 0 times
...
Almeta
21 days ago
B) overstatement of expenses for the period
upvoted 0 times
...
Jeffrey
23 days ago
I think Pa is correct because if salaries are not recorded, expenses will be understated.
upvoted 0 times
...
Fabiola
23 days ago
B) overstatement of expenses for the period. Wait, no, that can't be right. Ugh, accounting is such a headache.
upvoted 0 times
Buffy
2 days ago
A) understatement of expenses for the period
upvoted 0 times
...
Mozell
6 days ago
B) overstatement of expenses for the period
upvoted 0 times
...
Adria
17 days ago
A) understatement of expenses for the period
upvoted 0 times
...
...
Carlota
1 months ago
This question is a total joke. It's like asking what 2 + 2 is. Everyone knows the answer is D) overstatement of liabilities for the period.
upvoted 0 times
Kimberely
20 hours ago
B) overstatement of expenses for the period
upvoted 0 times
...
Willodean
15 days ago
A) understatement of expenses for the period
upvoted 0 times
...
...
Laurena
1 months ago
A) understatement of expenses for the period. I'm pretty sure that's how it works, but I'm open to being corrected.
upvoted 0 times
...
Lashanda
1 months ago
D) overstatement of liabilities for the period. Duh, it's basic accounting 101. How can anyone not know this?
upvoted 0 times
Clemencia
28 days ago
B) overstatement of expenses for the period
upvoted 0 times
...
Antonette
29 days ago
A) understatement of expenses for the period
upvoted 0 times
...
...
Pa
1 months ago
A) understatement of expenses for the period
upvoted 0 times
...
Annette
1 months ago
What is the effect of failing to record salaries that are earned but not paid at the end of an accounting period?
upvoted 0 times
...

Save Cancel