What should the balance be on a business's wages control account after all payroll related entries have been correctly made?
A. Credit balance
B. Debit balance
Can be either a debit or a credit balance
D. Nil
查看答案
What entries are required in relation to accounting for the deduction of income tax from salaries?
A. DR Wages control, CR Income tax liability
B. DR Cash, CR Income tax liability
C. DR Income tax liability, CR Cash
DR Income tax liability, CR Wages control
Which of the following is NOT a reason for gross pay exceeding basic pay?
A. Bonus
B. Overtime
C. Holiday pay
D. Income tax
A business owes $500 to a supplier. The supplier has also recently purchased goods on credit from the business of $200. They have agreed to offset these outstanding amounts. What would be the general ledger entries from the journal in the books of the business to account for this offset?
A. DR $200 Payables control account, CR $200 Receivables control account
B. DR $200 Receivables control account, CR $200 Payables control account
C. DR $300 Receivables control account, CR $300 Payables control account
DR $300 Payables control account, CR $300 Receivables control account
Which of the following is NOT true of the journal?
A. It is a general ledger account
B. It is a book of prime entry
C. It can be used for the correction of errors
D. It can be used to account for irrecoverable debts
微信支付 
支付宝支付