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Concept explainers
a) Amortisation Schedule: An amortisation schedule is a table showing principal and interest repayments to be made for a loan.
To prepare: Amortisation schedule for the first three months.
b) Payroll Register: It is a record that includes all the details about all the payments made to employees during a period.
To prepare: Payroll register for the months of October, November and December.
c) Employer Payroll Taxes: The taxes that an employer needs to pay on the salary paid to the employees are called employer payroll taxes.
To calculate: Employer payroll tax liabilities for the months of October, November and December.
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Chapter 14 Solutions
Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText - Access Card Package (12th Edition)
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