Year 11 - Accounts - 12.11.12

Thai Sikh International School

E-Learning Programme – Online Assignment –  12/11/2012

Name :                                                                                    Subject :  Accounting

Year   :  11 A/B                                                          Week  No. :  09                                 

1.      The gross wages of sew and sew for the week ended 31 August 2008 amounted to $ 3600

The employees were paid the net amount in cash on that date. The following information is available.

Deductions for the week         Balance on account on 24 August 2008

                                                            $                                              $

Income tax                                          650                                          2450

National insurance                              380                                          1230

Pension contributions                         100                                          400

Trade union subscriptions                   220                                          810

Sew and sew sent cheques for the total due in respect of statutory and voluntary deductions on 31 August 2008.

Prepare Journal entries (including cash and bank items ) to record the transactions on 31 August 2008.

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