Wages Liability

[Derek Atkins]

David Harrison <DavidHarrisonCGA at gmail.com> writes:

> I would use a liability account called something like Employee
> benefits payable.  The expense side would be called Employee benefits.

For the benefit of everyone, could you also supply example transactions?
How would you use these accounts to accrue vacation and then expunge it?

-derek, who does not always have the answer ;)
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       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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