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Advanced Financial Accounting Sec: A Sec: B Sec: C Sec: D Sec: E Sec: F
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Provide the correct statement as for provisions:
Company XXX S.L. wants to post the payroll corresponding to April. We have the following data:
- Gross monthly salary: €750,000
- 14 payments per year (12 regular + 1 extra 30th June + 1 extra 31st December)
- Withholding Income Tax: 25%
- Employer Social Security contribution: 31%
- Withholding employee Social Security: 8%
Indicate which of the following is correct for the payroll entry corresponding to the month of April:
A Company pays employees 3,100€ for the January payroll. The company offers 14 pays per year (2 extra pays in June and December), withholds income tax for 400€ and social security (employee contribution) for 100€. How much will the account (640) Salaries and Wages be in January?
Today is April 1st X1 and we are collecting the rents due for the 2nd quarter of the year: €30,000. What entry should we post on the journal on May 31st X1? supposing the company does monthly accounting?
Accruals. Select the correct answer