Why the CPP and tax is not listed under Current liabilities?
Created the balance sheet with the end date 28 feb 2019. Paid myslef salary on the 15th of February.
CPP (employe and employer) and tax will be paid on the 15 od March.
15 march 2019 payment to the "Receiver General" contains:
payrol expenses: cpp company expense
payroll liabilities:cpp employee liability
payroll liabilities: income tax liability
Why the CPP and tax is not listed under Current liabilities in the Balance Sheet?