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-   -   An accrual of wages expense would produce what effect on the balance sheet? (https://www.askmehelpdesk.com/showthread.php?t=445651)

  • Feb 10, 2010, 09:16 PM
    sahgirl16
    An accrual of wages expense would produce what effect on the balance sheet?
    An accrual of wages expense would produce what effect on the balance sheet?
  • Feb 12, 2010, 07:03 PM
    morgaine300

    ALL accrued expenses debit the expense and credit a payable.

    Accrued expenses are those which have been incurred but not yet paid; hence, you recognize the expense but also have to record the payable since it hasn't yet been paid.

    So what effect does that have on the balance sheet?

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