Exchange Currency

wages payable

Wages owed to an employee. For accounting purposes, this amount reflects wages earned by an employee for work that has been performed but not yet paid at the time of the report. Also known as salary payable.

Related information about wages payable:
  1. wages payable definition | AccountingCoach.com
    A current liability account that reports the amounts owed to employees for hours worked but not yet paid as of the date of the.
     
  2. Adjusting Entries for Liability Accounts | AccountingCoach.com
    Wages Payable is a liability account that reports the amounts owed to employees as of the balance sheet date. Amounts are routinely entered into this account ...
     
  3. What is wages payable? definition and meaning - InvestorWords.com
    Definition of wages payable: Wages owed to an employee. For accounting purposes, this amount reflects wages earned by an employee for work that has been ...
     
  4. Where does 'wages payable' go on the income statement
    Wages Payable goes into balance sheet under liability and wages expenses ... Now in these entries wages payable remains still to be closed so it goes to ...
     
  5. Accrued liabilities - Wikipedia, the free encyclopedia
    Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable. There are two general types of Accrued Liabilities: ...
     
  6. What is wages payable? - BusinessDictionary.com
    Definition of wages payable: This account is used to record employee compensation that has not yet been received by the employee.
     
  7. The Differences in Wages Payable & Wages Expense | eHow.com
    The Differences in Wages Payable & Wages Expense. Many companies, and all publicly traded corporations, use the accrual basis of accounting to keep track ...
     
  8. Salaries, Wages and Expenses on a Balance Sheet | Chron.com
    Salaries and wages owed can be listed in the liabilities section of the balance sheet, either as part of accounts payable or separately as wages payable. Salaries ...