Asset side of the Balance sheet
Liability side of the Balance sheet
Credit side of the Trading account
All of the above
✅ The correct answer is A.
Salaries paid in advance should be shown on Asset side of the Balance sheet. An advance paid is recorded as a current asset in the company’s balance sheet.
Salaries paid in advance should be shown on Asset side of the Balance sheet. An advance paid is recorded as a current asset in the company’s balance sheet.