Which of the Following Is Not an Example of a Benefit

question 18

Multiple Choice

Which of the following is not an example of a benefit?

• A)workman's compensation payments
• B)paid vacation time
• C)overtime pay
• D)paid health insurance

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Definitions:

Trial Balance

A bookkeeping worksheet listing the balances of all ledgers in two columns, debits and credits, to verify that the total debits equal total credits.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and profit.

Ledger

A book or collection of accounts in which transactions are recorded, categorized, and summarized.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership value in the company.