Question
CGROUP 2 Practice: Salary Your companys payday is every Friday of the week. Every week, your company will pay $5,500 for salary. The end of
CGROUP 2
Practice: Salary
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Your companys payday is every Friday of the week. Every week, your company will pay $5,500 for salary. The end of your financial year is 31 December 2019 and it happens to fall on a Thursday.
Show how the salary will be recorded on the accounting equation on 31 December 2019 and how it will be recorded when the payment is made on 1 January 2020.
| Assets = | Liabilities |
| |
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Your company usually pays everyones salary on the 2nd of every month. The end of your financial year is on 31 December 2021 which happens to be a Friday.
Show how the salary will be recorded on the accounting equation 31 December 2021 and on 2 January 2022.
| Assets | Liabilities | Salary Payable | |
| Cash | |||
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Chains Of Finance How Investment Management Is Shaped
Authors: Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie, Ekaterina Svetlova
1st Edition
0198802943, 978-0198802945
