Where we have to take the Director's current account, wages a/c, Accruals

Where we have to take the Director's current account, wages
a/c, Accruals, sales tax payable in Balancesheet

Question Posted / savithri

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Where we have to take the Director's current account, wages a/c, Accruals, sales tax payable ..

Answer / anju joshi

If the director is owner of the company then..director's
current a/c will be shown in Current assets in Asset side
of balance sheet.If director is shown as employee of the
company.. drawinf salary.. then his current account wud not
become the part of Company's balance sheet.
The wages a/c will not become part od BS unless it is
prepaid or outstanding(if prepaid,it comes under current
Assets,if outstanding,it comes under liabilities of BS).
The Accruals,if liabilitiesi.e.wages,comes in liabilities
side of BS,and accruals if of asset nature i.e.interesta
accrued,comes in asset side of BS.
SAles tax payable comes in liabilities side of BS.

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hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview