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Does The Salaries Payable Control account has underlying subsidiary ledger?
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∙ 12y ago
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∙ 12y ago
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Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Salaries payable is an example of?
salaries payable it is and example of liabilities tittles!
Is salaries payable a current liability?
Yes, salaries payable is a current liability.
Difference between the salaries and salary-payable?
Salaries expense -can be paid or unpaid while salaries payable is finally pay the salaries...
Is salaries payable an expense?
Salaries payable is a out standing expenses for time being its show as a liability account.
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Salaries payable is an example of?
salaries payable it is and example of liabilities tittles!
Is salaries payable a current liability?
Yes, salaries payable is a current liability.
Difference between the salaries and salary-payable?
Salaries expense -can be paid or unpaid while salaries payable is finally pay the salaries...
Is salaries payable an expense?
Salaries payable is a out standing expenses for time being its show as a liability account.
What is a subsidiary account for accounts payable?
the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger". So each vendor would be a subsidiary account of the accounts payable ledger.
How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries Payable.
What are the two general ledger accounts that may act as control accounts for a subsidiary ledger?
accounts receivable and accounts payable
Why salaries payable is a liability?
Salaries payable is liability because it is incurred but not yet paid and payment is deferred till future time .
Is salaries payable an asset or liability or owners equity account?
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
What are 5 types of subsidiary ledgers?
accounts receivable ledger, accounts payable ledger, notes receivable ledger, notes payable ledger and equipment subsidiary ledger
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
