Given the Following Adjustment Data, State Whether the Resulting Adjustment

question 27

Multiple Choice

Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual
-Recorded salaries earned by employees at end of month, payment to be made early next month.

• A)accrual
• B)deferral

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Definitions:

Henry L. Gantt

Henry L. Gantt was an American mechanical engineer and management consultant who developed the Gantt chart, a graphical scheduling tool for project management.

Differential Pay System

A compensation strategy where employees are paid differently based on varying criteria such as shifts, hours worked, or job responsibilities.

Introducing Hourly Wages

The process of implementing a pay system where employees are compensated based on the number of hours worked.