In November, Pia Limited's gross wages and salaries were £54,000. PAYE of £12,000 and NIC of £5,400 were deducted from gross wages and salaries for the month, leaving net wages and salaries to be paid of £36,600. What is the correct double entry to record gross wages and salaries in the books of Pia Limited?
A) Debit wages and salaries £36,600, Credit wages control account £36,600.
B) Debit wages control account £36,600, Credit cash £36,600.
C) Debit wages and salaries £54,000, Credit wages control account £54,000.
D) Debit wages and salaries £54,000, Credit wages control account £36,600, Credit PAYE and NIC control account £17,400.
Correct Answer:
Verified
Q12: Cash receipts in the cash book represent
Q13: Which one of the following would not
Q14: An entity's payroll system calculates two expenses,
Q15: Credit notes from suppliers in the purchase
Q16: Debit trade receivables, Credit sales, Credit VAT
Q18: In April, Gina received credit notes from
Q19: Debit VAT account, Credit cash is the
Q20: In June, Hitesh Limited received cash from
Q21: Debit interest receivable, Credit cash is the
Q22: During January, Meera Limited makes credit purchases
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