Advanced Financial Accounting Sec: A Sec: B Sec: C Sec: D Sec: E Sec: F
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We take on a one-year insurance policy against theft on June 1st, 2024, paying €12,000 annually upfront. Assuming that the company does monthly closings, what journal entry could we record on September 30th, 2024?
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?
Accruals. Select the correct answer
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