The following journal entry shows: 
A) An (some) employee(s) may have taken long-service leave.
B) An (some) employee(s) may have been paid out their long-service leave entitlement upon resignation.
C) An employer is building up a provision account for long-service to enable it to account for leave taken in the future.
D) An (some) employee(s) may have taken long-service leave and an (some) employee(s) may have been paid out their long-service leave entitlement upon resignation
E) An (some) employee(s) may have taken long-service leave and an employer is building up a provision account for long-service to enable it to account for leave taken in the future.
Correct Answer:
Verified
Q43: Suggested approaches to improving the financial security
Q44: AASB 119 divides employee benefits into a
Q45: Masters Ltd has three employees who are
Q46: Dennis Carter works for Midrift Ltd and
Q47: The causes of actuarial gains and losses
Q49: Post-employment benefits include:
A) Cash payments.
B) Pensions payable
Q50: A non-contributory superannuation fund means:
A) No contributions
Q51: In Australia,employee entitlements are protected in the
Q52: Entity A contributes to a defined benefit
Q53: Junior Ltd employs three workers to develop
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