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

Question

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

Which of the Following Statements Regarding Vacation Benefits Is Correct