Payables account defined as B/S account

Hi ,
We have an account named " Payables to employees "..
However, in the account definition, i find that , it it defined as a Balance sheet account.
Is it not supposed to be a PandL account ?
Please suggest.
Thanks,
Srikanth.

Hi,
Payables are balance sheet accounts. For example,  when you recognize the salary expense you will Debit salary expense (P&L account) and credit Payables to Employees (B/S Account). The expense incurred is charged to the salary expense account.
Regards,
Darrel

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