Multiple Choice
If the last wages bill for the year is paid on 28 June and $6000 is owing at 30 June in unpaid wages,then:
A) the $6000 would appear as accrued wages payable in the balance sheet but it would not be included in the expenses for the year.
B) the $6000 would appear as accrued wages payable in the balance sheet and would be included in the expenses for the year.
C) the $6000 would not be included in either the balance sheet or the profit and loss statement.
D) the $6000 would appear as an expense in the profit and loss statement.
Correct Answer:

Verified
Correct Answer:
Verified
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