Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
A prepaid expense is an asset listed on the balance sheet.
Yes, it's listed as a current liability on the balance sheet.
true
Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
Cash paid to employees for salaries and wages does not appear on the balance sheet as a separate line item because it is considered an expense that affects the income statement. When salaries and wages are paid, cash (an asset) decreases while expenses increase, impacting net income. However, any unpaid salaries and wages at the end of the accounting period would be recorded as a current liability on the balance sheet, reflecting the obligation to pay employees.
In balance sheet asset side
on liability side of
A prepaid expense is an asset listed on the balance sheet.
Yes, it's listed as a current liability on the balance sheet.
accounts payable is account in balance sheet
nOtes receivable due in five years is listed on the balance sheet under what csption
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Accounts payable and salaries payable both are part of current liability of balance sheet and shown there at liability side.
The total amount of credit cards payable listed on the balance sheet is the sum of all outstanding balances owed on credit cards.
current liability
Well salaries payable is liability of an organization . This is a current liabilities so they are posted in capital and liability side of a balance sheet.
If an accrual is made for salaries before they are paid, that accrual would be a balance sheet (the other side of the transaction would be your salary expense). When the salaries have been paid, the liability is reduced.