Explain the term payroll ?Why is it important in accounting ? Given the following information from Kakira
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Question:
- Explain the term payroll ?Why is it important in accounting ?
- Given the following information from Kakira sugar works for the month of July 2018;
EMPLOYEE NUMBER | NAME | HOURS WORKED/month |
,0001 | Okello James | 240 |
,0002 | Abdisamad Hassan | 210 |
,0003 | Niyomwungeri Diane | 200 |
,0004 | Daphine Kate | 240 |
,0005 | Aharimpisya Anitah | 236 |
,0006 | Nyakato Doreen | 233 |
,0007 | Nyamal Frank | 228 |
,0008 | Martha Robert | 198 |
,0009 | Ruboneza James | 180 |
,0010 | Ainembabazi Liz | 214 |
Additional information;
- Rate per hour is shs.15,000=
- All workers qualify for lunch fee of shs.2,500=
- NSSF and PAYE are Compulsory Using statutory rates.
- All workers contribute shs.600= to workers Union
- All workers are entitled medical treatment using organizational medical card.
Required;
- Prepare Kakira sugar works payroll for the months of july.2018, using if function?
- Advise the company if the budgeted wage bill is shs, 200,000,000=per month?
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
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