Salaries in arrears is treated in the balance sheet as a
FINANCIAL
JAMB 2023
Salaries in arrears is treated in the balance sheet as a
- A. current asset
- B. current liability
- C. long term liability
- D. fixed asset
Correct Answer: B. current liability
Explanation
Salaries in arreas is an unpaid salary with amount due from the past. It is treated as current liabilities in the balance sheet.
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