Final Revision Flashcards
1
Q
What would you use a journal for
A
Irr debt
Record payroll
Correct errors
Entering o/b in a new set of accounts
2
Q
What would a journal show
A
Vat debit, irr debt debit, rlc credit
3
Q
How would a journal look for receiveable ledger
A
Credit
4
Q
Wage control is always a debit, except when it’s with…
A
Wage expense
5
Q
Where is the net pay recorded?
A
Bank
6
Q
Where is income tax and employees nic recorded ?
A
HMRC
7
Q
Where are employees pension recorded
A
Pension
8
Q
Where is employers nic recorded
A
Wages expense
9
Q
What is employers nic recorded to
A
Hmrc
10
Q
Where is employers pension recorded
A
Wages expense
11
Q
Where is pension recorded
A
Pension
