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6. Remuneration for manual labor, both skilled and unskilled, is commonly referred to as salłaries.

6. Remuneration for manual labor, both skilled and unskilled, is commonly referred to as salłaries.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please write TRUE if the statement is True. And if FALSE, WRITE THE CORRECT STATEMENT. 

4. To better provide for a good division of labor, one individual should be in charge of time keeping and payroll record keeping and distribution functions. 5. To avoid congestion at the time clock, it is desirable that one employee punch in or out for several other employees. 6. Remuneration for manual labor, both skilled and unskilled, is commonly referred to as salaries.
Transcribed Image Text:4. To better provide for a good division of labor, one individual should be in charge of time keeping and payroll record keeping and distribution functions. 5. To avoid congestion at the time clock, it is desirable that one employee punch in or out for several other employees. 6. Remuneration for manual labor, both skilled and unskilled, is commonly referred to as salaries.
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