2
Question
If outstanding wages appear in the trial balance, while preparing the final accounts; it will be shown in __________________.
If outstanding wages appear in the trial balance, while preparing the final accounts; it will be shown in __________________.
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Solution
The correct option is B Liability side of the balance sheet
Outstanding wages
means these are the wages which are yet to be cleared/paid and hence these are shown
in the trial balance on the credit side while in the balance sheet on the
liabilities side to be payable till these ones get paid.
Outstanding wages means these are the wages which are yet to be cleared/paid and hence these are shown in the trial balance on the credit side while in the balance sheet on the liabilities side to be payable till these ones get paid.
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