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  3. payroll is paid on 27 th of each month. gross sala

payroll is paid on 27 th of each month. gross salary is composed as such...

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Accounting

Payroll is paid on 27 th of each month. Gross salary is composed as such : - Net of KES 1,000,000 - Paye : 250,000 to be paid by 9 th of each month - NSSF : 50,000 to be paid on 15 th of each month - NHIF : 70,000 to be paid on 9 th of each month Write the accounting postings in respect of end of month payroll with the assumption that the liabilities are paid on the due date and the salaries paid late on 5th march. Write the accounting impacts on February and March

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