Debit payroll expense credit cash account
debit to payroll expense credit to accured payroll
debit payroll taxesCredit cash
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
Debit payrollCredit cash / bank
debit payroll expensescredit cash / bank
£17,000 a year
recording of business transaction in chronological order is a journal entry
When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.
When recording done as journal entry any business transaction is recorded in books of accounts and become part of business books of accounts.
Here is the accounting entry for recording the credit purchase: Purchases a/c Accounts Payable Here is the entry to writte off when payment made Accounts Payable Cash/Bank a/c
Just getting you enrolled in a payroll so that you can get paid for your work.
Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable