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Accrued Salary is part of which Statement? 1. Income Statement 2. Balance Sheet

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Question added by Deleted user
Date Posted: 2013/06/05
Khaled ALI-CIA
by Khaled ALI-CIA , Group Internal Audit Director , The United company for food industries-Montana

Balance Sheet

Mohsin Ali Chaudhry
by Mohsin Ali Chaudhry , Accounts Officer , CCE - Contracting & Construction Enterprises Ltd.

Balance Sheet, as it is a Current Liability.

Abdul Rahim Said Rahim
by Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

Accrued salary means unpaid salaries, its a part of P&L Accounts & Balance Sheet as well.
In P&L Account we consider it as expenses whether paid or unpaid in order to valuate the Net Profit.
In Balance Sheet if the salaries is unpaid (accrued) then it is treated as current liability and will be recorded credit side of the balance sheet.

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