• Salary paid recorded under schedule
Answers
Answer:
That answer is correct
Answer:
Salary paid recorded under schedule
Explanation:
they are recorded below schedule 16.
The recorded gadgets encompass diverse working charges including lease, salaries, depreciation, wages and so forth
Debit the wages, salaries, and business enterprise payroll taxes you paid. this can increase your costs for the period. whilst you record payroll, you typically debit Gross salary expense and credit score all the legal responsibility money owed
end: income paid magazine entry is to report the fee by using the enterprise to its employee. So, it'll be a debit to the revenue or income Payable (if there is already an accrual of legal responsibility) and corresponding credit score to the bank account
Salaries and Wages as expenses on profits announcement
are a part of the charges said on the company's profits announcement. under the accrual approach of accounting, the amounts are said within the accounting duration wherein the employees earn the salaries and wages.
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