WAGES AND SALERIES CONTROL ACCOUNT

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Does anyone have a good way of remembering how to post all the wages stuff the the main ledger<BR>got a question on a practice sim asking me to post the wages details ( paye nic etc ) and dont have a clue how to do it eg debit or credit ??? help

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    WAGES AND SALERIES CONTROL ACCOUNT

    DB - Gross Wages<BR>CR - PAYE<BR>CR - NI <BR>CR - NET pay<BR><BR>DB - NI Employers<BR>Cr - NI Employers<BR><BR>Does this help or not?<BR><BR>There is many different ways to post the wages - but they all end up the same in the end! Its mainly the accounts used that are different
  • System
    System Posts: 100,534 🤖 Admin 🤖
    WAGES AND SALERIES CONTROL ACCOUNT

    It does amanda , but the last 2 on your list are they both employers shouldny one be employee<BR><BR>thanks <BR>In advance <BR>Simon
  • System
    System Posts: 100,534 🤖 Admin 🤖
    WAGES AND SALERIES CONTROL ACCOUNT

    DB - Gross Wages<BR>CR - PAYE<BR>CR - NI EMPLOYEES<BR>CR - NET pay<BR><BR>DB - NI Employers<BR>Cr - NI Employers<BR><BR>Is that better!! LOL
  • System
    System Posts: 100,534 🤖 Admin 🤖
    WAGES AND SALERIES CONTROL ACCOUNT

    I REMEMBER IT AS:-<BR><BR>DR GROSS WAGES<BR>DR EMPLOYERS NI<BR><BR>CR NET WAGES<BR>CR PAYE<BR>CR TOTAL OF EMPLOYER & EMPLOYEE NI<BR><BR>REGARDS,<BR>FAIRYGODPARENT

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