what will be the adjustment of outstanding wages in wages in final accounts with adjustments
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As Wages were Outstanding, they have become a liability of the business.
Effect 1 - Addition to the Wages in Trading A/C
Wages -----
Add: O/S Wages ------
Total in the Outer Column
Effect 2 - O/S Wages are a Liability of a Business Concern
Show them on the Balance Sheet Liability Side as O/S Wages along with the Amount in the outer column.
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