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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Definitions:

Daily Routines

Regular activities or habits that make up an individual's typical day, contributing to structure and predictability in daily life.

Circadian Rhythm

A biological process that displays an endogenous, entrainable oscillation of about 24 hours, affecting physiological and behavioral functions such as sleep-wake cycles.

Sleep Cycle

The progression through various stages of non-REM and REM sleep that occur during a typical night, affecting sleep quality and health.

Napping

A short period of sleep, usually taken during the day, to supplement insufficient sleep at night or enhance alertness and performance.