Delmar SA closes its books on 31 December. December salaries (412,000), December overtime (36,500) and the transport allowance due for December (21,500) will be paid on 8 January. January salaries (405,000) will pay for services of the following year. Calculate the short-term benefit liability to recognise at 31 December, without discounting.
- December salaries
- 412,000
- December overtime
- 36,500
- Transport allowance due for December
- 21,500
- January salaries (services of the following year)
- 405,000