Which options correct for journal entry creating provision

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Reference no: EM133012227

Problem a) As per AASB 119, which of the following items needs to be recorded at their discounted amounts?

Select one:

a. None of the given answer

b. Annual leave and sick leave if they are expected to be settled after 12 months have elapsed from the reporting date

c. Wages and salaries

d. Cumulative sick leave that has accrued for longer than 12 months

Problem b) Which one of the following options is correct for a journal entry creating provision for annual leave expenses?

Select one:

a. Annual leave expenses Dr, Provision for annual leave Cr

b. Annual leave expenses Dr, Provision for annual leave Cr

c. Provision for annual leave Dr, Annual leave expenses Cr

d. Correct option is not listed in here

Reference no: EM133012227

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