wages controll account

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I thought i understood these an then this question on a past paper confused me!<BR><BR>gross wages: 4400<BR>net wages:3100<BR>employers nic: 500<BR>employees nic: 440<BR>Trade union fees: 60<BR>PAYE: 800<BR> <BR>Make the relevant entries into the wages account and then total it!<BR><BR>I thought that gross and employers nic would be a CR and the rest DR but it dosent balance on both sides or should the be a balance brought down on the DR side? Can anyone put me right on this please?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    wages controll account

    HI THERE-<BR>REMEMBER THAT WAGES CONTROL ALWAYS BALANCES TO 0-<BR><BR> <BR>DR <BR>employers nic: 500 <BR>net wages:3100 <BR>employees nic: 440<BR>Trade union fees: 60<BR>PAYE: 800<BR>TOTAL-4900<BR><BR><BR>CR<BR>gross wages: 4400<BR>employers nic: 500<BR>TOTAL-4900<BR><BR><BR>HOPE THIS HELPS FOR YOUR EXAM-<BR><BR><BR>KIRST<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    wages controll account

    Thats great i wasnt including the employers nic on the debit side. Thankyou!

Categories

Privacy Policy