An accrual of wages expense would produce what effect on the balance sheet?
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An accrual of wages expense would produce what effect on the balance sheet?
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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