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What is the meaning of this 'Salaries payable'?

Rakesh Shah

Rakesh Shah

CA Final

★ 5K+

03-Oct-21 22:24

410

Answers (1)

It is same as salary outstanding... expense incurred but not paid which is a Liability so dr in p/l and balance sheet Liability side

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

03-Oct-21 22:43

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