How Do Accrued,but Not Paid,wages Appear on the Balance Sheet

question 41

Multiple Choice

How do accrued,but not paid,wages appear on the balance sheet?

• A)As expenses
• B)As assets
• C)As equity
• D)As liabilities

---

Definitions:

Overdue Accounts

Financial accounts or receivables that have not been paid by the due date.

Receivables

Amounts owed to a company by its customers for goods or services provided on credit.

Net Float

The difference between checks written against a bank account and those that have been deposited but not yet cleared, affecting the balance.

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.