Able Ltd Operates on a Five-Day Working Week

question 42

Multiple Choice

Able Ltd operates on a five-day working week.Employees are paid on Thursday for work completed to Wednesday.The weekly wages bill is $40 000.If 30 June 2016 fell on a Tuesday,what was the accrued wages payable on 30 June 2016?

• A) $8000
• B) $16 000
• C) $32 000
• D) None of the answers provided

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Definitions:

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