Salary expenses are variable costs and are recorded on the income statement. … Under cash accounting, salary costs are only reported when the employee is paid. Salary expenses not yet paid are recorded as salaries payable on the balance sheet, ...

Fixed assets for the balance sheet Fixed assets: This category includes the tangible fixed assets of the company. The account includes long-lived assets such as a car, land, buildings, office equipment, and computers. … Patents, trademarks and goodwill are classified ...

The salary payable is a current liability account that contains the entire balance or unpaid wages at the end of the accounting period. The amount of salary to be paid is reported in the balance sheet at the end of ...