Multiple Choice
Which of the following statements regarding vacation benefits is correct?
A) No entry is needed until the employee takes paid vacation.
B) The account,Vacation Expense is debited when the employee takes paid vacation.
C) Health and pension benefits are recorded in the same manner as vacation benefits.
D) When an employee takes paid vacation,the account,Vacation Benefits Payable is credited.
Correct Answer:
Verified
Correct Answer:
Verified
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