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Is accrued revenue an asset?
no, its a revenue
Accrued income is asset or liability?
no
An accrued expense such as accrued wages can best be described as an amount?
not paid and currently matched with earnings.
The entry to adjust the accounts for wages accrued at the end of the accounting period is?
wages expense and wages payable
Is accrued expenses payable is an asset or liabilities?
Liabilities
Is accrued revenue an asset?
no, its a revenue
Accrued income is asset or liability?
no
An accrued expense such as accrued wages can best be described as an amount?
not paid and currently matched with earnings.
The entry to adjust the accounts for wages accrued at the end of the accounting period is?
wages expense and wages payable
Is accrued expenses payable is an asset or liabilities?
Liabilities
What is the Affect of accrued income in balance sheet?
Accrued income is an asset to the Organisation as It has earned the revenue but has not physically receive the funds for it by the end of financial year. It will be classed as a current asset.
Are Accrued wages a current liability?
Accrued liabilities are a current liability if they are due within one year.
Where does accrued interest on notes receivable go on a balance sheet?
Accrued interest which is to be received within 12 months is a current asset.
How is accrued income resented in the financial statement?
Accrued income is income which the company has earnd but not yet received and shown as a current asset in balance sheet.
In accounting are wages considered liability or equity?
It is an asset.
Can a dentist legally fire his employee without paying the final paycheck in the state of Mississippi?
No. Upon termination the employee is entitled to all wages accrued up to the point of termination. The employer has until the next scheduled pay day to pay those accrued wages.
Does accrued depriciation go in asset non current where you subtract?
Accumulated Depreciation is a contra-account, meaning it is shown as a negative, in the Fixed Asset section of the Balance Sheet.
