Question

wages outstanding 200​

Answer 1

Explanation:

: Outstanding salaries are salaries that are due and have not yet been paid. ... The salaries themselves are an expense. But when salaries are outstanding, meaning they are owing, we also record a liability (debt) account called salaries payable.

Answer 2

Answer:

Outstanding wages are related to the current year but remain unpaid. As they are expenses of the current year, they must be debited and charged from the profit and loss of the current year. The expenses remained unpaid during the current year, so they are liability of the firm.