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salaries payable

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The current liability account which reports the amount of salaries earned by a company’s employees, but which have not yet been paid by the company.

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  • Debits and Credits
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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