The journal used to accumulate employee compensation and tax information is typically the payroll journal. This journal records all payroll-related transactions, including gross wages, deductions for taxes and benefits, and net pay. It serves as a detailed record for payroll processing and tax reporting purposes.
Jurnal used to accomodate employee compensation
The journal entry for salary paid to an employee typically involves debiting the Salary Expense account and crediting the Cash or Bank account. For example, if an employee is paid $3,000, the entry would be: Debit: Salary Expense $3,000 Credit: Cash/Bank $3,000 This reflects the expense incurred for employee compensation and the reduction of cash or bank balance.
Debit compensation expensesCredit cash / bank
Salary expense
debit employee health insurancecredit cash / bank
Jurnal used to accomodate employee compensation
The journal entry for salary paid to an employee typically involves debiting the Salary Expense account and crediting the Cash or Bank account. For example, if an employee is paid $3,000, the entry would be: Debit: Salary Expense $3,000 Credit: Cash/Bank $3,000 This reflects the expense incurred for employee compensation and the reduction of cash or bank balance.
Debit compensation expensesCredit cash / bank
Debit workers compensation insuranceCredit cash / bank
Salary expense
Journal of Information Science was created in 1979.
Information Visualization - journal - was created in 2002.
Information Systems Journal was created in 1991.
Journal of Information Ethics was created in 1992.
debit employee health insurancecredit cash / bank
International Journal of Information Technology was created in 1999.
European Journal of Information Systems was created in 1991.