For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows: March 31,2010 - ` 56,000 March 31, 2011 - ` 51,000 March 31, 2012 - ` 64,000 The entry on March 31, 2012 to rectify these omissions would include a

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

Credit to wage expense for ` 64,000

TuteeHUB · Answer

Debit to wage expense for ` 64,000

TuteeHUB · Answer

Debit to wage expense for ` 51,000

TuteeHUB · Answer

Debit to wage expense for ` 13,000

1.	For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows: March 31,2010 - ` 56,000 March 31, 2011 - ` 51,000 March 31, 2012 - ` 64,000 The entry on March 31, 2012 to rectify these omissions would include a
A.	Credit to wage expense for ` 64,000
B.	Debit to wage expense for ` 64,000
C.	Debit to wage expense for ` 51,000
D.	Debit to wage expense for ` 13,000
Answer» E.

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