Many businesses sell their goods and services on credit and this gives rise to the riskof one or more customers not paying after they have received the goods or services.This may not be a regular occurrence in businesses, but where the goods or servicesof a business are offered to its clients on credit, the risk … Read More

A crucial part of nailing any payroll journal question is being able to calculate the wages expense, gross wages and the net wages due to the employees.  Use the chart below to help – and remember to play close attention to and differentiate between employee and employer contributions! AAT Level 1 & 2 | The … Read More