How accrued payroll affects the balances sheet?
2 Answer(s)
DeZyre
Accrued payroll would be wages, salaries, commissions, bonuses, and the related payroll taxes and benefits that have been earned by a company’s employees, but have not yet been paid or recorded in the company’s accounts.
Feb 04 2013 11:53 AM
DeZyre
Before this salary is actually paid, it is accumulated/accrued and shows up under the accrued payroll item. Once the salary is paid, then this account will made zero.
Feb 04 2013 11:55 AM