If the Last Wages Bill for the Year Is Paid

question 6

Multiple Choice

If the last wages bill for the year is paid on 28 June and $8 000 is owing at 30 June in unpaid wages, then:

• A) the $8 000 would appear as accrued wages payable in the balance sheet but it would not be included in the expenses for the year.
• B) the $8 000 would appear as accrued wages payable in the balance sheet and would be included in the expenses for the year.
• C) the $8 000 would not be included in either the balance sheet or the profit and loss statement.
• D) the $8 000 would appear as an expense in the profit and loss statement.

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Definitions:

Collateral Information

Additional information obtained from sources other than the primary subject, used to validate or complement primary data in various contexts, such as mental health assessments.

Assessment Data

Information gathered through various methods and tools to evaluate the needs, performance, or abilities of individuals, groups, or systems.

Sociogram

A graphical representation of social links that a person has. It shows the personal relationships and network of relationships in a group.

Group's Interaction

The ways in which members of a group communicate, collaborate, and influence each other's behaviors and attitudes.