Question
The wages payable account of XYZ Ltd has an opening balance of $27 000 and closing balance of $42 000. Wages expense was $590 000.
The wages payable account of XYZ Ltd has an opening balance of $27 000 and closing balance of $42 000. Wages expense was $590 000. What was the cash payment for wages during the accounting period?
A $575 000
B $590 000
C $605 000
D none of the above
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Fundamental Accounting Principles Volume 2
Authors: John Wild, Ken Shaw, Barbara Chiappetta
21st Edition
0077716663, 978-0077716660
