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Is there anybody willing to explain me the wages control account?
Syedarukzam@gmail.comSuppose we have a T account For WCA
so we should write or post the following items into the debit (DR) side of WCA
1:Cash or Net Wages
2:Income Tax
3:Employer Contribution Liability-
4:Employee contribution Liability –
5:Employer Pension Fund Liability –
6:Employee pension fund liability-
And other deductions
# and the following items should be posted to the credit(@CR )side of WCA
1:staff costs
2:Gross wages
3:Employer Benifit ContribuTion +
4:Employer Pension ContribuTion +
And other staff costs +
If I m right ok
If I m not th n please reply me
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