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Debit salary expense
Credit cash (balance figure)
Credit fine deduction

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Q: What is accounting entry for fine deductions from salary?
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LCCI result for level 2 fanancial accounting?

How to fine LCCI Level 2 exam result for s3 2011


Difference between auditing and accounting?

Accounting is the process of recording, classifying and summarizing of the business events for the purpose of providing financial information to investors for decision making. Auditing is determining whether recorded information properly to the business events that occurred during the accounting period. Its main duties are observe, valuate and recommend the financial statement and the firm.


What percentage of restaurant gross sales should go to salary?

The industry standard is 30%. This all depends on what style of restaurant you are. The more fine dining the higher the wage costs will be. But no more than 40%


What is difference CA and ICWA?

CAICWAThorough knowledge of every aspect of accounting, auditing and taxation.Knowledge of cost and financial management to ensure a fine balance between expenditures and available resources.CAs are involved in core accounting work of an organizationCost accountants are involved in the costing part of financial transactions.CAs analyse risk and design efficient financial systemCost Accountants assess the feasibility of projects vis-à-vis available fundsTaxation and auditing are main duties of a chartered accountantCost management and designing cost control methods are main duties of a cost accountantImportant skills required is that of patience and confidence to handle responsibilityGood communication is a key skill in cost accountants


Is it a conflict of interest to process payroll and enter salary information in an hr system?

Not sure if it is a conflict of interest but it is an internal control weakness. This is a weakness due to the fact that there is a potential for fraud. A person who processes payroll can make up an employee and wage amounts. However, if there are review processes in place you should be fine. It is very difficult to have segregation of duties in a small company.

Related questions

What is the salary of a masters degree in fine arts?

Not enough!


What are the consequences of violence against a co-worker in IT sector like banishing from entry to any other company and all?

Nothing. You will then next day say sorry to the guy and he will condone you. On serious notes, you will have to pay fine up to 5 % of your salary.


Where can you get a keyless entry for a 2000 Jeep Grand Cherokee?

YOU CAN FINE ALMOST ANY KEYLESS ENTRY ON EBAY AND FOR A GOOD PRICE.. GOOD LUCK.........


How do you get a good career without a college degree?

I hear that McDonald's has a fine salary


Where can I purchase a new walkway entry table?

Fine furniture stores will sell entry tables for your walkway. One can also find entry tables at some retailers depending on the locations actual store size.


Is it correct to say in spite of the salary being low I want the job?

yes that's fine, couldn't be better :D-Mnyeh. In spite of the low salary is better, and so is despite the salary being low.


How do you write a diary entry about a personal concern?

write some random words on the page and you will be fine


Are there any legitamate data entry jobs online?

There are, in fact, legitimate data entry jobs online but they can be difficult to fine. Sites like keyforcash.com are a good place to start.


LCCI result for level 2 fanancial accounting?

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Remote keyless entry on 2002 Chevy impala stopped working battery in transmitter is fine fuse fine Help?

bad sensor module, cost you around $400.


What happpens if you get caught traveling to cuba from Mexico?

If you are doing it legally then nothing. If it is illegal entry then anything from a fine to imprisonment.


How many syllables are in the word fine?

The syllabic dictionary entry is,fin ( bar above the i indicating " eye " )This is one syllable.