NI Contributions - trial balance

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:27AM in AAT student discussion
Can anyone please tell me if National Insurance contributions for someone who is self-employed are an expense or a liability in a trial balance. I think they are paying voluntary contributions.<BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    NI Contributions - trial balance

    In self-employed accounts, NI contributions of any sort are treated as drawings and would go in the Proprietors Capital part of the balance sheet

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