Solution-Find the balance of the provision for sick leave

Find the balance of the provision for sick leave at June

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Reference no: EM132641428

Problem - Leigh Ltd has 9 employees, who are each paid $600 per week for a 5 day working week. Each employee is entitled to 10 days accumulating non-vesting sick leave per year. At 1 July 2019 the accumulated untaken leave was 45 days in total. During the year ended 30 June 2020 a total of 35 days sick leave was taken, of which 5 days were unpaid leave. Of the accumulated untaken leave at 30 June 2020 it is estimated that 40% of it will be taken during the following year. Find the balance of the provision for sick leave at 30 June 2020?

Reference no: EM132641428

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Find the balance of the provision for sick leave at June

Reference no: EM132641428

Reference no: EM132641428

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