Salaries in arrears is treated in the balance sheet as a
FINANCIAL
JAMB 2017
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 Answer: B. current liability
Explanation
Current Liability: salaries in arrears fall into the category of them under the current liability because it is benefit due to outsiders but still enjoying by the organisation and can't exceed a year
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