Vacation Benefits Expense
Definition: The expense recognized as employees earn vacation time. Recorded with an adjusting entry that debits Vacation Benefits Expense and credits Vacation…
Account #6030
TypeExpense
Normal Bal.Debit
FS LineIS
Sub-LedgerPayroll
NotesThe expense recognized as employees earn vacation time. Recorded with an adjusting entry that debits Vacation Benefits Expense and credits Vacation Benefits Payable, matching the cost to the period in which the benefit is earned.
Related Subjects
Related
- Vacation Benefits PayableThe liability side of vacation accrual