If a company has no Salaries and Wages Payable on its balance sheet,then one may conclude that:
A)there are salaries and wages to be paid in next period.
B)no salaries and wages are owed for the current period.
C)Salaries and Wages Expense was greater than the cash paid for wages during the period.
D)the salaries and wages were paid in advance.

Question

Quizplus · Accepted Answer

If a company has no Salaries and Wages Payable on its balance sheet,then one may conclude that no salaries and wages are owed to employees at the balance sheet date.

If a Company Has No Salaries and Wages Payable on Its