Accrual of vacation days is determined by the company or union that the person works for. In some cases there is no accrual, in others it is unlimited. There are some that allow carryover up to a years worth, but anything above that is lost. Some even allow individuals to sell their vacation days back.
260 if you don't have vacation accrued. You also have to take holidays into account.
I do not know how to answer this question can you please show me
Though I have never heard the term "accrued vacation expense" nor have I ever heard of a "vacation" being a business expense, however, the journal entry would be handled like most "payables". So if your company uses the account of Accrued Vacation Expense, the journal entry should be something like....Vacation Expense (debit) $XXXAccrued Vacation Expense (credit) $XXXOnce the amount is paid, a debit would be recorded in the Accrued Vacation Expense account and a credit to Cash, to remove it from the books and note that the debt (or expense) has been met.
Yes
No, it belongs to non-current liability
The opportunity cost of taking a vacation from work, in all likelihood, is the wage and/or benefits accrued from having worked. This represents the highest alternative benefit forgone to take the vacation.
http://www.workplacefairness.org/vacationpay#55. I have accrued vacation time/sick time/personal leave days that I will not use before leaving my company. Is the company required to pay me for that time?It depends on where you live. 24 states-Alaska, Arizona, California, Colorado, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island (after one year of employment), Tennessee, West Virginia, and Wyoming-and the District of Columbia require that your employer include any unused vacation pay that has accrued (that you would have been entitled to use) in your final paycheck. In the rest of the states, there is no state law that requires your employer to pay you for accrued vacation leave, although your employer may do so voluntarily, or may have to do so if required by a policy or contract.
The possessive form for the plural noun weeks is weeks'.Example: I have accrued three weeks' vacation this year.
days in which cash is tied up in working capital and cannot be used for expeneses
a cosmetologist usually has about 20 vacation days
I was terminated from my position and my employer has withheld my vacation, holiday and sick time accrued and did not pay me severance pay. I was a top manager who fired people in my organization and I made sure they received these benefita upon termination. Should my employer provide me with the same?
The plural possessive form of "weeks" is "weeks'."