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




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Peter Kilvington |