{m}.{s}.1Examples 3

Now you will be given the wages sheet of a company for a particular week [{m}.{s}a].

You will make the entries to record the wages.

 

 

    Gross Tax NI Net Empl NI
Sep 24 R Newman 168.50 29.50 12.21 126.79 11.79
  A Pugh 124.23 21.42 7.81 95.00 6.22
  T Risk 153.79 32.56 10.71 110.52 10.74
  B Timms 182.43 37.50 13.61 131.32 12.77
    628.95 120.98 44.34 463.63 41.52
[{m}.{s}a]
Open/Close{m}.{s}.Q1
Open/Close{m}.{s}.Q2
Open/Close{m}.{s}.Q3

{m}.{s}.2

Intro

These entries are recorded in the T accounts. You can view the highlighted entries by clicking the tabs above.

(NB The £206.84 credit in HM Revenue & Customs - PAYE & NI account should be paid over, together with PAYE & NI for the other weeks of September, to HM Revenue & Customs in October.)

    Gross Tax NI Net Empl NI
Sep 24 R Newman 168.50 29.50 12.21 126.79 11.79
  A Pugh 124.23 21.42 7.81 95.00 6.22
  T Risk 153.79 32.56 10.71 110.52 10.74
  B Timms 182.43 37.50 13.61 131.32 12.77
    628.95 120.98 44.34 463.63 41.52
[{m}.{s}b]

 

Net pay

    Dr Cr
Sept 24 E3 Wages 463.63  
  A4 Bank   463.63
Posting of net pay for week
[{m}.{s}c]
Bank
   Sep24 Wages463.63
      
       
      
      
Wages
Sep24 Bank 463.63   
Sep24 HMRC 165.32   
       
      
      
HMRC - PAYE & NI
   Sep24 PAYE&NI 165.32
    Sep24 Empl' NI 41.52
       
      
      
Employer's NI
Sep24 HMRC41.52   
      
       
      
      
[{m}.{s}d]

 

Employee's deductions

    Dr Cr
Sept 24 E3 Wages 165.32  
  L3 HMRC- PAYE & NI   165.32
Posting of employee's deductions for week
[{m}.{s}e]
Bank
   Sep24 Wages463.63
      
       
      
      
Wages
Sep24 Bank 463.63   
Sep24 HMRC 165.32   
       
      
      
HMRC - PAYE & NI
   Sep24 PAYE&NI 165.32
    Sep24 Empl' NI 41.52
       
      
      
Employer's NI
Sep24 HMRC41.52   
      
       
      
      
[{m}.{s}f]

 

Employer's NI

    Dr Cr
Sept 24 E4 Employer's NI 41.52  
  L3 HMRC- PAYE & NI   41.52
Posting of employer's NI for week
[{m}.{s}g]
Bank
   Sep24 Wages463.63
      
       
      
      
Wages
Sep24 Bank 463.63   
Sep24 HMRC 165.32   
       
      
      
HMRC - PAYE & NI
   Sep24 PAYE&NI 165.32
    Sep24 Empl' NI 41.52
       
      
      
Employer's NI
Sep24 HMRC41.52   
      
       
      
      
[{m}.{s}h]