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Which of the following statements is true about accounting for stale-dated cheques? The employee's year-to-date earnings must be adjusted The wages were not expensed to
Which of the following statements is true about accounting for stale-dated cheques?
The employee's year-to-date earnings must be adjusted
The wages were not expensed to the appropriate accounts and cost centres
A cheque becomes stale-dated if it has not been cashed within 12 months of the issue date
The entries for gross pay expense and withholdings are not adjusted
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