Question
employee payroll loans payroll pay period: 1/30-2/5 pay date: 2/9 an employee receievd a payroll loan for 2/9 payroll. how would it be recorded considering
payroll pay period: 1/30-2/5
pay date: 2/9
an employee receievd a payroll loan for 2/9 payroll.
how would it be recorded considering accruals? would the wage be expensed in january and february? or since is it not actual earned wages do we just use A/R when payroll is processed?
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ANSWER If an employee receives a payroll loan for the 29 pay period it would not be recorded as an expense in January or February because it is not ac...
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
