LESSON
GRADE 10
58
SALARIES AND WAGES
Posting to General Ledger
WORKSHEET 10
HOW TO POST TO THE GENERAL LEDGER
SALARY JOURNAL OF ZIZI TRADERS FOR FEBRUARY 2010
Employee
Gross
wage
Pension
Deductions
Med.
PAYE
aid
UIF
Net
salary
Total
Cheque
no
SJ11
Employer’s contributions
Med Pens
aid
fund UIF SDL Total
Debit
Credit
Credit
Debit
Salaries
Fund accounts
Creditors for
salaries
contribution accounts
Pension Fund
SARS (PAYE)
SARS (UIF)
Medical aid Fund
medical aid contributions
pension fund contributions
UIF contributions
SDL contributions
Credit
Fund accounts
Medical aid Fund
Pension Fund
SARS (UIF)
SARS (SDL)
58 - Accounting Grade 10
1
WORKSHEET 11
ACTIVITY 10
REQUESTED
Use the following information from the Salaries Journal of Zizi Traders for February 2012
and post to the General Ledger.
INFORMATION
SALARY JOURNAL OF ZIZI TRADERS FOR FEBRUARY 2012
Employee
L Lindon
V Valley
K Kruger
Gross
wage
Deductions
11 400
17 100
12 800
Pension
570
855
640
41 300
2 065
SJ11
Net
salary
PAYE
3 898,80
5 848,20
4 377,60
Medic
al aid
1 930
1 930
1 930
UIF
114
171
128
Total
6512,80
8804,20
7075,60
4887,20
8295,80
5724,40
14124,60
5 790
413
22392,60
18907,40
Cheq
no
Employer’s contributions
Medical
aid
900
900
900
Pension
fund
570
855
640
UIF
114
171
128
SDL
114
171
128
Total
1698
2097
1796
2700
2065
413
413
5591
ANSWER
GENERAL LEDGER OF ZIZI TRADERS
Balance sheet accounts
AA PENSION FUND
MM MEDICAL AID FUND
58 - Accounting Grade 10
2
SARS (UIF)
SARS (SDL)
SARS (PAYE)
CREDITORS FOR SALARIES
Nominal accounts
SALARIES
PENSION FUND Contribution
MEDICAL AID FUND Contribution
UNEMPLOYMENT INSURANCE FUND Contribution (UIF contribution)
SKILL DEVELOPMENT LEVY Contribution (SDL contribution)
58 - Accounting Grade 10
3