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
Correct Answer:
Verified
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Q43: Which statement concerning long-service leave is correct?
A)
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A) debt
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i. secured by a specific
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