Journals Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Bad Debt

A

Dr:
Irrecoverable Debt
VAT

Cr:
SLCA

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Wage Expense

A

Gross Pay PLUS Employer

Dr - Wage Expense
Cr - Wages Control

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Wages Paid

A

Gross Pay MINUS Everything Not Employer

Dr - Wages Control
Cr - Bank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

HMRC Liability

A

All Tax + NI

Dr - Wage Control
Cr - HMRC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly