Business Accounting

18/01/2022

The guarantee minimum and maximum wages for Michael Kwaku Ametepe, an employee in FUTURE COOPERATIVE CREDIT UNION (FCCU) in the month of June, 2021 are GH¢750.00 and GH¢1,250.00 respectively.
The business policies is to paid every worker based on the number of days he/she has worked in every month.
But for the first three weeks Michael worked 80% of the working days in that three weeks.
At the end of the month he worked 80% of the working days in the month.
If the business policies also state that working days start from Monday to Friday and the rate per day is GH¢70.00.
Bless Emefa James Ocloo, an employee who worked the full working days in the month.
AS YOU A BOARD MEMBER OF CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANT (CIMA) IN UK.
Prepared a payroll for the two employees showing clearly the following;
1. Basic wages
2. Gross earnings
3. Taxable income
4. Income tax (4.5%)
5. Social Security Fun (S.S.F. 5.5%)
5. Union dues of GH¢17.50 (only Michael)
6. Total deduction.
7. Net wages.

WHATSUP +233544675583 for more enquiry

Send a message to learn more

09/05/2020

Mary refused to give birth to Jesus this and every year onward so let us unite and ask her forgiveness we will never kill Jesus again. I think this is one of the ways we can fight DEVILISH DISEASE CALLED COVID-19

08/05/2020

A Manager Of A Printing Press Located At Woe Near Happy Corner Restaurant Named Kingdom Press Bought A Colour Printing Machine For GH¢2,500 On Credit From Cannon Ltd. In Recording The Transaction Above, These Are The Accounts Opened By The Manager: Purchases a/c and Cannon Ltd a/c.

Q1. As You A Grownup Business Person, Tell Us What Will Happens At The End Of This Printing Press Financial Year After The Preparation Of Income Statement And Statement Of Financial Position. WITH REASONS

Q2. Journalised The Transaction And Open The Relevant Ledger Accounts In Which The Transaction Should Be Recorded. BE THE FIRST TO RECEIVE CASH OF GH¢20 FROM M.K AMETEPE FOR YOUR AIRTIME OR INTERNET BUNDLE BY PROVIDING SUITABLE SUGGESTION TO THE QUESTIONS ABOVE. POWER BY M.K AMETEPE

13/09/2018

Hello world

08/06/2018

A certain school wanted to buy a Land cruiser, car for the principal of the school from a dealer, who owned a company named AMYK. LTD.
But the dealer said he bought the car from AUTHOMOTIC COMPANY at a certain cost but the gained from him on the cost of the vehicle is 25% to AUTHOMOTIC COMPANY but they told him the car will last for 20 years for annual depreciation value of GH¢ 250.00. He go on and asked if they are interested in buying the car.
He gave out a statement that he has setup this business in order to be gaining abnormally 10% of the gained from him to his suppliers from the selling of the vehicles on their written down values but this particular one, I have been using it for three years now.
AS YOU AN ACCOUNTANT OF THE SCHOOL HOW MUCH WILL YOU GIVE OUT FOR THE CAR?
HOW MUCH GAINED FROM THE DEALER TO HIS SUPPLIER?

IT IS GOOD TO BE A BUSINESS PERSON.
as I always said, to be ahead of your career is just a simplest way to achieved your desire

M.K. AMETEPE

27/08/2016

I was rewarded with a brawn new motor bicycle by my father upon my hardworking in my final exam at Secondary Level Of Education. If the cost is Ghc 1,500 and has depreciation value Ghc 250 through fixed installment method and today 27th August, 2016 it has been span.
1. WHEN HAVE I COMPLETED MY SECONDARY LEVEL OF EDUCATION?
2. CALCULATE THE LIFE SPAN OF THE BICYCLE.
3. WHAT IS THE PERCENTAGE RATE OF THE DEPRECIATION?

25/03/2016

An organization treated purchase of motor van as purchased of ghc 500. As you're a professional bookkeeper in a different organization, How could that organization should treat that transaction? I hope you knew it's an error they had committed, then which types of error is that. What is the name of that error?