Question

The current liability for Wages Payable (or Accrued Payroll) represents the:

Answer 1

Answer:

2.

Explanation:

The current liability for Wages Payable (or Accrued Payroll) represents the net pay earned by employees for which they have not yet been paid. This amount  is entered into the company's balance sheet as a entry that is being adjusted and is then changed at the end of the month as a current liability that the company needs to pay.