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A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deductions are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is – a value or a formula. In the case of a formula, write down the formula in the cell. A B D E F 1 Stationery Supplies Ltd 3 Name Basic Pay Allowances Gross Salary Deductions Net Salary 4 Lewis Francis Edwin 13 Totals

A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deductions are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is – a value or a formula. In the case of a formula, write down the formula in the cell. A B D E F 1 Stationery Supplies Ltd 3 Name Basic Pay Allowances Gross Salary Deductions Net Salary 4 Lewis Francis Edwin 13 Totals

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deductions are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is - a value or a formula. In the case of a formula, write down the formula in the cell. A C D E F 1 Stationery Supplies Ltd 2 3 Name Basic Pay Allowances Gross Salary Deductions Net Salary Lewis Francis 4 Edwin 13 Totals
Transcribed Image Text:A Payroll consists of Basic Pay, Allowances, Gross Salary, Deductions and Net Salary. The Allowances are 23% of the Basic Pay while the Deductions are 12% of the Gross Salary. In the given worksheet, indicate in each cell what will be inserted, that is - a value or a formula. In the case of a formula, write down the formula in the cell. A C D E F 1 Stationery Supplies Ltd 2 3 Name Basic Pay Allowances Gross Salary Deductions Net Salary Lewis Francis 4 Edwin 13 Totals
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