Wages payable: A current asset CA B. non-current asset NCA. C. current liability CL. D. non-current liability NCL E. shareholders’ equity SE F. revenue R G. expense E
Content Common Terms Wage Expense on the Income Statement What can count as a business expense? Is salaries and wages payable an asset or liability? Effects of Theft on the Accounting Equation What comes out of retained earnings? Salary expense is the wage that an employee earned during the period, irrespective of whether it is …