? Question 18 B is a builder with a staff of ten employees. In April 2000 he paid the following amounts: Net salaries after tax and national insurance $16,000 Tax and employees' national insurance for March 2000 Employer's national insurance for March 2000 $7,000 S3,000 He owes $8,000 for April's tax and employees' national insurance and $3,500 for April's employer's national insurance. What is the correct expense to be included in April's profit and loss account? $ .

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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! Question 18
B is a builder with a staff of ten employees. In April 2000 he paid the following amounts:
Net salaries after tax and national insurance
$16,000
Tax and employees' national insurance for March 2000
Employer's national insurance for March 2000
$7,000
$3,000
He owes $8,000 for April's tax and employees' national insurance and $3,500 for April's
employer's national insurance. What is the correct expense to be included in April's profit
and loss account?
$.. .
Transcribed Image Text:! Question 18 B is a builder with a staff of ten employees. In April 2000 he paid the following amounts: Net salaries after tax and national insurance $16,000 Tax and employees' national insurance for March 2000 Employer's national insurance for March 2000 $7,000 $3,000 He owes $8,000 for April's tax and employees' national insurance and $3,500 for April's employer's national insurance. What is the correct expense to be included in April's profit and loss account? $.. .
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