Why Do Salary Expenses Need to Be Accrued at the Financial

Multiple Choice

Why do salary expenses need to be accrued at the financial reporting date?

A) Salaries incurred are an actual expense for the time period in which they are accrued.
B) If not accrued the company will not have to pay the amounts in the future.
C) The liability account will be overstated if not accrued.
D) The expense account will be overstated if not accrued.