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wages payable

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A current liability account that reports the amounts owed to employees for hours worked but not yet paid as of the date of the balance sheet.

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
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  • Accounts Receivable and Bad Debts Expense
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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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