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Is the Wages Expense Account an Asset, Liability, Equity?
Please note, salary payable is a liability, which is different from salary expenses. For example, payroll expenses like social security expenses, health insurance, commissions, etc., are treated differently, will not come in salary accounts. As a matter of record-keeping, the wage expenses line item may also include the expenses of payroll taxes and employee benefits. Salaries […]
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What is Forex? A Beginners Guide
This is obviously exchanging money on a larger scale than going to a bank to exchange $500 to take on a trip. For example, you can trade seven micro lots (7,000) or three mini lots (30,000), or 75 standard lots (7,500,000). However, gapping can occur when economic data is released that comes as a surprise […]