The journal entry to record the payment of long service leave to an employee is:
A) Dr. Liability for long service leave
Cr Bank
B) Dr Bank
Cr Liability for long service leave
C) Dr Long service leave expense
Cr Bank
D) None of the above
Correct Answer:
Verified
Q3: The discount rate to be used when
Q4: AASB 119 specifies that the present value
Q5: Wages and salaries can be divided into
Q6: The timing of the recognition of an
Q7: According to AASB 2,how is the reporting
Q9: Which of the following is not a
Q10: How should a reporting entity account for
Q11: Entitlement of equity instruments are based on:
A)
Q12: Under AASB 119,the liability for annual leave
Q13: Discuss the rationale for AASB 119 recognising
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents