Subsidiary Books
3 important questions on Subsidiary Books
What is the different between wages and salaries?
Wages are usually paid weekly and salaries are given every month.
Write the entires to be posted in the ledger from the wages book.
Debit- any expense that is being incurred by the employer
Credit- payments to be made by the employer, including those to be made on behalf of the employee.
Credit- payments to be made by the employer, including those to be made on behalf of the employee.
How is the posting of the journal book like?
It looks like the tradional way of displaying journal entries.
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