Why are deductions made by an employer from the employees' earnings/pay classified as liabilities to the employer?
Why are deductions made by an employer from the employees' earnings/pay classified as liabilities to the employer?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 13DQ
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Why are deductions made by an employer from the employees' earnings/pay classified as liabilities to the employer?
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