It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

Business

1 answer:

ser-zykov [4K]3 years ago

6 0

Answer:

The correct answer is, Liabilities will be increased.

Explanation:

Though the year has ended however, the payment would still be due to be made. Hence, payables would be reflected in the balance sheet thereby increasing the liabilities.

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