alleryStart learning →Employees earn wages of 50,000 for December and 45,000 is paid by 31 December. What liability remains?
A45,000
B50,000
C10,000
D5,000
Answer & Solution
Correct answer: D. 5,000
Expense is 50,000, cash paid is 45,000, so the unpaid 5,000 remains as a liability.
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