In Relation to Long-Service Leave How Many of These Statements

question 53

Multiple Choice

In relation to long-service leave how many of these statements are untrue?
The entry to accrue long-service leave is a debit to long-service leave expense and a credit to provision for long-service leave.
The leave is paid at the rate of pay applicable when the leave is taken.
Employees only starts to accrue long service leave after being employed for a predetermined length of time (often 10 years) .

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Contract

A binding legal contract between two or more entities that establishes enforceable duties under the law.

Infant

A legal term referring to a person who is not yet of the legal age of majority, often considered under 18 years old.

Agent

An individual or entity authorized to act on behalf of another (the principal) in legal or business matters.

Law of Incapacity

Legal principles that determine when an individual lacks the legal ability to perform certain actions, such as entering into a contract, due to reasons like age or mental health.