The journal for the wages expense
The first payroll journal records what the payroll cost the business. Work out the figure and post it.
Task 1What the wages expense includes2 questions
The first payroll journal records what the month's payroll cost the business.
The cost is gross pay, plus employer's National Insurance, plus the employer's pension contribution.
Net pay is not the cost. The deductions are part of gross pay and are paid out too, only to HMRC and the pension provider and not to the employee.
Task 2The figure for June3 questions
Task 3Writing the journal3 questions