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vacation pay expense

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

An income statement account showing the amount of vacation expense earned by employees (by working) during the specified accounting period.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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