Obligations for short-term employee are recognized as an expense as an employee provides services and a liability is recognized for unpaid benefits.

Question

Quizplus · Accepted Answer

Short-term employee benefits are recognized as an expense over the period that the employee provides services. If the benefits are not paid by the reporting date, a liability is recognized for the amount of unpaid benefits.

Obligations for Short-Term Employee Are Recognized as an Expense as an Employee