Blogger
Share this content
0
1
3911

PAYE - Tax Rebate Journal Entry

Hi Guys,

I was worndering would any one be kind enough to tell me what is the Journal entry for tax rebate:

Payslip details

e.gG Gross Wages £421.53

Tax Refund £40.40

Net Pay £461.93

Would it be????

DR Wages £421.53

CR NIC/PAYE £40.40

CR Net £461.93

Help appreciated

Thanks

Replies

Please login or register to join the discussion.

avatar
22nd Feb 2013 15:47

No

Dr wages 421.53

Dr PAYE 40.40

Cr Net pay 461.93

Thanks (0)