Salaries and Wages_2
Authored by Miss Wepener
Education
10th Grade
Used 1+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
The business contributes to medical aid on behalf of the employees
Debit Medical Aid
Credit Contributions
Debit Medical Aid Contributions
Credit Medical Aid Fund
Debit Medical Aid Fund
Credit Medical Aid Contributions
Debit Medical Aid
Credit Salaries
2.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
The employees' net wages
Debit Wages
Credit Creditors for Wages
Debit Creditors for Wages
Credit Wages
Debit Accrued Expense
Credit Wages
Debit Wages
Credit Accrued Expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The employee has to contribute towards UIF
Debit UIF
Credit UIF Fund
Debit UIF Contributions
Credit UIF Fund
Debit Wages
Credit UIF Fund
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount to be included in the Balance Sheet section
Net Salary/Wage
Gross Salary/Wage
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The net salary will be included in the
Owner's Equity Note
Cash- and Cash Equivalents
Trade-and Other Receivables
Trade-and Other Payables
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Salaries and Wages amounts to be included in the Balance Sheet include:
Net salaries/wages
Creditors for salaries/wages
Amounts due to funds
Net salaries/wages
UIF
Creditors for salaries/wages
Deductions due to funds
Contributions due to funds
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