Which of the following is a recordable event or item? a. Changes in managerial policy b. The value of human resources c. Changes in personnel d. Payment of monthly payroll. e. None of the above

Respuesta :

The recordable event in the options is d. Payment of monthly payroll

For an event to be recordable:

  • it needs to have monetary value
  • its value must be quantifiable

Out of all the options, only payment of monthly payroll can be quantified and expressed in terms of money because we can find out how much needs to be paid as payroll for the month.

We can then record this amount as an expense therefore we can make the conclusion that payment of monthly payroll is a recordable event.

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