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:

Electrolyte Imbalance

A condition where the levels of electrolytes in the body are either too high or too low, affecting various bodily functions.

Certified Nursing Assistant

A healthcare professional certified to provide basic patient care under the supervision of nursing and medical staff.

Intake And Output

A nursing and medical measurement that tracks the amount of fluids a patient consumes (intake) and excretes (output) to monitor fluid and electrolyte balance.

Delegating

The act of assigning responsibility and authority to another person to carry out specific activities.