Salaries payable is liability because it is incurred but not yet paid and payment is deferred till future time .
Salaries payable is liability payable in future time period.
Yes, salaries payable is a current liability.
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Salaries payable is a out standing expenses for time being its show as a liability account.
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Salaries payable is liability payable in future time period.
Yes, salaries payable is a current liability.
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
Salaries payable is a out standing expenses for time being its show as a liability account.
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Current liabilites
Accounts payables and salaries payable are part of current liability in balance sheet while current portion of mortgage notes payable is part ot current liability and remaining portion is part of long term liability.
current liability
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.
No, Its not a long term liability, since it will be paid in the same month the expenes is booked or the next month
Yes, accrued salaries are those amount which is due but not yet paid and payment is deferred for future time.
Yes, Salaries Payable would be considered a Current Liability as the company will pay the amount off in less than one year (or one accounting period).Current Liability as any liability that will be fully pad for in one year (or less).