Accrued salaries and wages in a balance sheet represent salary and wages that have been earned by employees but not yet paid.

Name: Accrued salaries and wages in a balance sheet represent salary and wages that have been earned by employees but not yet paid.
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Question

Quizplus · Accepted Answer

Accrued salaries and wages refer to the amount owed to employees for the work they have already done but have not yet received payment for. It is a current liability that is reflected on the balance sheet.

Accrued Salaries and Wages in a Balance Sheet Represent Salary