Salaries in arrears is treated in the balance s... - JAMB Accounting 2017 Question
Salaries in arrears is treated in the balance sheet as a
A
current asset
B
current liability
C
fixed asset
D
long term liability
correct option: b
Current Liability: salaries in arrears fall under the current liability because it is benefit due to outsiders but still enjoyed by the organisation and can't exceed a year
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