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What the correct entry for the payment of net wages is

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Problem 1: The correct entry for the payment of net wages is:

Select one:

a. DR Bank; CR Wages and salaries payable.
b. DR Gross pay; CR Net pay.
c. DR Wages and salaries payable; CR Bank.
d. DR Wages and salaries; CR Provision for wages and salaries.

Problem 2: The classification of liabilities into current and non-current, is useful as it helps decision-makers assess the firm's ability to meet all of the following except:

Select one:

a. capital repayments.
b. commitments which are part of the operating cycle.
c. profitability.
d. dividends.

Reference no: EM132774723

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