Which nominal code to use for wages?
reddragon6uk
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In various practice assessments there are questions asking you to record payment for staff wages.
There are various nominal codes for wages - Gross wages, Net wages, Staff salaries, Wages regular.
How do you figure out which one to use?
There are various nominal codes for wages - Gross wages, Net wages, Staff salaries, Wages regular.
How do you figure out which one to use?
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Did you figure this out? I had posted Wages expense to overhead wages but my profit and loss account was way out to the correct answer. I moved the wages to Net Wages (liability account) which seemed to resolve things but I'm still unsure0
