good heavens it's an awesome assignment :D
but now i'm stuck because i don't know how to do PAYG.
someone help me please?
Paid net wages and salaries [C] for past fortnight, Banking
cheque #23, $3060, and recorded PAYG withholding (Spend Money)
liability (tax instalments) of $1360.
how do i record that!
3 comments:
as i recall payg is a liability of 1360 which should be included in the 3060
i think la LOL
ahh drew
i did wages expense 3060+1360 DR
cash 3060 CR
PAYG withholding 1360 CR
wrong or not ah? my figures balanced with the checkpoint figures
Do you go to griffith?
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