Multiple Choice
In relation to long-service leave, which of the following statements are correct?
I. The entry to accrue long-service leave is:
DR Long-service leave expense; CR Provision for long-service leave.
II. The leave is paid at the rate of pay applicable when the leave is taken.
III. Employees only starts to accrue long service leave after being employed for a predetermined length of time (often 10 years) .
A) II and III only
B) I and II only
C) I, II and III
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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