employee payroll loans payroll pay period: 1/30-2/5 pay date: 2/9 an employee receievd a payroll loan for

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employee payroll loans

payroll pay period: 1/30-2/5

pay date: 2/9

an employee receievd a payroll loan for 2/9 payroll.

how would it be recorded considering accruals? would the wage be expensed in january and february? or since is it not actual earned wages do we just use A/R when payroll is processed?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Posted Date: Apr 17, 2023 06:17 AM

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employee payroll loans payroll pay period: 1/30-2/5 pay date: 2/9 an employee receievd a payroll loan for

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ANSWER If an employee receives a payroll loan for the 29 pay period it would not be recorded as an expense in January or February because it is not ac... View the full answer

Auditing An International Approach

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