The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
Costs are recorded as financial entries in the accounting period to which they relate. An “accrual” is an accounting entry to record costs in a company’s books.
For example, after services have been performed, an invoice may not arrive from the supplier in the correct period, as it may be delayed in the post, and therefore no physical payment will have been made; but – the costs would still be “accrued” in the appropriate accounting period.
Employees at Company “A” are entitled to 24days holiday per annum, they accumulate evenly over the calendar year, and may be taken at any time. If an employee leaves employment during the calendar year he or she may have taken more or less holiday than they have actually accumulated and therefore an adjustment is made to their final salary. This means there is a relevant cost or benefit in a period which has not been “seen” yet.
Therefore, every quarter (accounting period) Company A will make an accrual to take account of holidays accumulated but not taken, or holidays taken but not accumulated – as either may be the case.
At Company A, the opening balance of the holiday accrual (ie the amount accrued for holiday accumulated but not taken last quarter) is 228days and the closing accrual for the quarter is 200days. Company A has 172employees and there are no leavers or joiners for the purposes of this question.
How many days have been taken as holiday in the current quarter – ie the quarter we are accruing 200 days at the end of?
Number of holidays each employee is entitled in a year = 24 daysNumber of holidays each employee is entitled in a quarter = 24 days/4 = 6 daysTotal number of employee during the quarter = 172…
Show more
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more