Accrued Wages Journal Entry With Example
Accrued Wages are Curre nt Liabilities on Balance Sheet and these are the examples of Accrued Liabilities . Accrued Wages are also known as Wages Payable. These are created in case of unpaid wages eventhough these are earned by the workers during the accounting period. For Example, if a company does not pay to workers of the business eventhough they are done the work, then these wages which are earned by workers become the Current Liability for the company. In that case, the company need to record following Adjusting Journal Entry for Accrued Wages for the period as shown below: Wages a/c XXX ...