Is salaries and wages payable a real or nominal account?
Is salaries and wages payable a real or nominal account? The salary expense account is a nominal account and closes in the profit & loss statement. Salary payable is a liability account keeping the balance of all the outstanding wages. What type of account is salaries payable? liability account Salaries payable is a liability account … Continue reading Is salaries and wages payable a real or nominal account?
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