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Wages outstanding given in the trial balance will be treated as a (an):

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Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/06/11
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

wages outstanding means wages due but not paid it should be recognized as liability in Statement of financial position. Option B 

 

Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is B. All wages due which are not yet paid are to be reported as a liability.

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

These will be treated as  Liability

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

B) Liability///////////////////////////////

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