reen Living Construction Company installs solar panels in large newly constructed buildings. The company employs several expert installers who work on a full-time basis. Although the installers work every day, the company pays them at the end of the month, for the previous month's work. Employee salaries are recorded as ___________ on Green Living's balance sheet. long-term liabilities current liabilities capital cash flows retained earnings
Current liabilities refer to short-term loans to banks for business in a company during the fiscal year and include customer deposits, loan utilization, taxes and interest payable.
In a company, current liabilities are in the form of money, which is payable to the supplier in accounts payable.
As per question, the salaries of Green Living Construction Company employees are primarily recorded as the current liabilities of the company's balance sheet.
