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Annual Leave impacts the accounts of a business as follows: The cost of annual leave is an expense. The accrual of annual leave creates a

Annual Leave impacts the accounts of a business as follows:

The cost of annual leave is an expense.

The accrual of annual leave creates a liability for the business.

When annual leave is taken or paid out, it impacts the cash position of the business.

How does the new entitlement for family and domestic violence leave impact the accounts of a business? Explain your answer.

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