If the Amount Paid to the Defined Contribution Fund by an Entity

question 7

Multiple Choice

If the amount paid to the defined contribution fund by an entity during the year is less than the amount payable in relation to service provided by employees, the entity must recognise;

• A) an asset for the unpaid contributions
• B) a liability for the unpaid contributions
• C) an expense for the unpaid contributions
• D) a gain for the unpaid contributions

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Definitions:

Embezzlement

The act of dishonestly withholding or misappropriating funds or property entrusted to one's care, typically in a workplace or official capacity.

Theft of Company Assets

The act of stealing or unlawfully taking assets, such as money or property, belonging to a company.

Cyber Terrorism

The use of internet-based attacks in terrorist activities, including the deliberate disruption of computer networks.

Hacking

Unauthorized access to or manipulation of computer systems, networks, or data, often carried out for personal gain or to cause disruption.