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What is the difference between salaries payable and salaries expense?
Gross earnings are recorded as Salaries Expense. It encompasses the employees net pay and all withholdings (income tax, FICA). If the employee is to be paid at the time the entry is made, you would credit cash for the amount of the net pay. If the employee is to be paid at a later date (probably within the current year or operating cycle), then you would instead credit Salaries Payable. When the employee is finally paid, you would debit salaries payable and then credit cash.
What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
What is the difference between salary and payroll?
Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.pay roll: Definition: The administration of the financial record of employees' salaries, wages, bonuses, net pay, and deductions
How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries Payable.
A salaries variance is the difference between which salaries?
your salary and someone else's salary
What is the difference in salaries between the AFL and AFL 2?
There is no AFL 2!
What is the difference between city and county teacher salaries in Detroit Michigan?
differences between city and country
What is the difference between mean and median salary?
the mean is the average of all the salaries an the the median is the number that falls in the middle
What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
What is difference between wages and salaries?
Salary slip is a piece of paper given to a person or employee, it state how much money he/she is being paid.Payroll is a list of people or employees being paid by company.
What is the difference between salaries payable and salaries expense?
Gross earnings are recorded as Salaries Expense. It encompasses the employees net pay and all withholdings (income tax, FICA). If the employee is to be paid at the time the entry is made, you would credit cash for the amount of the net pay. If the employee is to be paid at a later date (probably within the current year or operating cycle), then you would instead credit Salaries Payable. When the employee is finally paid, you would debit salaries payable and then credit cash.
3 similarities between wages and salaries?
Ok
Marketing vs finance salary?
Generally, finance salaries are higher than marketing salaries. As you are promoted in the organization, the differences between the two salaries become less obvious.
What Lyle is concerned about the difference between a company's salaries for its white workers and its Colombian workers. In order to place economic pressure on the company what does Lyle need to do?
plan a boycott or a strike -apex
Lyle is concerned about the difference between a companys salaries for its white workers and its colombian workers. in order to place economic pressure on the company what does lyle need to do?
plan a boycott or a strike -apex
Is there a lot of difference in the salaries between expatriates and locals in Bahrain?
No, both expatriates and locals enjoy good salaries in Bahrain. Infact, the Labour Market Regulatory Authority (LMRA) looks into Bahrain careers, offering expats their rights and establish social partnership based on equal rights and obligations.
