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salaries payable it is and example of liabilities tittles!
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∙ 14y ago
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Is salaries payable a liability?
Salaries payable is liability payable in future time period.
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.
How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries Payable.
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
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.
How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries 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 is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
On a balance sheet the accounts payable salaries payable and mortgage notes payable would fall under the category of?
Liabilities.
What type of liability is salaries payable?
Current liabilites
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
On a balance sheet the accounts payable and salaries payable would fall under what category?
current liability
