the salaries payable account is a permanent account true or

the salaries payable account is a permanent account.

true or false

Solution

Solution: TRUE

Explanation: Permanent accounts are those accounts that are not closed at the end of the accounting period. Liability accounts such as Accounts Payable, Notes Payable, Salaries Payable, Rent Payable, Loans Payable, and other types of payables are permanent accounts.