Question
hello, could you help me with these questions please? Peter works for XYZ Pty Ltd. He receives an annual salary of $70,000, is entitled to
hello, could you help me with these questions please?
Peter works for XYZ Pty Ltd. He receives an annual salary of $70,000, is
entitled to four weeks' annual leave and to a leave loading of 17.5%.
a. Calculate the total amount (i.e. total salary and annual leave) that XYZ Pty
Ltd will pay to Peter each year. Show all the working in your answer.
b.If XYZ Pty Ltd recognises the annual leave obligation throughout the year,
complete the following entry for weekly accrued annual leave expense.
Show all the necessary working in your answer.
DR CR
Annual leave expense
Provision for annual leave
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