If the Last Wages Bill for the Year Is Paid

question 50

Multiple Choice

If the last wages bill for the year is paid on 28 June and $6000 is owing at 30 June in unpaid wages,then:

• A) the $6000 would appear as accrued wages payable in the balance sheet but it would not be included in the expenses for the year.
• B) the $6000 would appear as accrued wages payable in the balance sheet and would be included in the expenses for the year.
• C) the $6000 would not be included in either the balance sheet or the profit and loss statement.
• D) the $6000 would appear as an expense in the profit and loss statement.

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An educational approach designed to ensure students adhere to established norms and standards.

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A pioneering sociologist and philosopher known for his work in social psychology and the development of symbolic interactionism.

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