Journals Flashcards
1
Q
Bad Debt
A
Dr:
Irrecoverable Debt
VAT
Cr:
SLCA
2
Q
Wage Expense
A
Gross Pay PLUS Employer
Dr - Wage Expense
Cr - Wages Control
3
Q
Wages Paid
A
Gross Pay MINUS Everything Not Employer
Dr - Wages Control
Cr - Bank
4
Q
HMRC Liability
A
All Tax + NI
Dr - Wage Control
Cr - HMRC