When remitting CPP, the entry would be
A) debit Cash, credit CPP Payable.
B) debit CPP Expense, credit Cash.
C) debit CPP Payable, credit Cash.
D) debit Cash, credit CPP Expense.
Correct Answer:
Verified
Q41: What is the purpose of the Canada
Q42: The Wages and Salaries Payable account would
Q43: When remitting EI, the entry would be
A)
Q44: Payroll Tax Expense or Employee Benefits Expense
Q45: Why is income tax NOT considered an
Q47: An employer might agree to pay a
Q48: What is the threshold at which employers
Q49: Jungwirth Mechanical has five payrolls for the
Q50: The 'entry' to record payment of statutory
Q51: The employer's remittance to CRA includes
A) CPP,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents