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Assighment To Accounting

Assoghmenen

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mujibabdlhadisrur
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236 views2 pages

Assighment To Accounting

Assoghmenen

Uploaded by

mujibabdlhadisrur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Assignment I Process payroll

Individual For Accounting


Operation Sheet 2.1 – Calculating Over Time
Assume that Burayu Boez Factory the Federal Government Tax Authority, pays the salary of
its employees during May 30.
The forth-coming data relates to the month of May, 2008.
Employee Name of Basic Overtim Duration of Basic
ID No. Employee salary e hours overtime work salary per
01 Martha Feleke 4,800 10
worked 6AM Up to 10 30 hours
02 Alemu Mekonnen 1,920 8 10 PM to 5 AM 12
PM
03 Semia Mohammed 2,160 10 Public 13.50
04 Selamu Bogale 2,400 6 Weekly rest 15
Additional Information: Management of the factory usually expects
days a worker to work 40
hours in a week and during May, 2008, all workers have done as they have been expected.
Required: Based on the above information:
Calculate the amount of overtime payment for each employee for the month of May, 20088.
Operation Sheet 2.2 Preparing payroll
2.2 Practical Demonstration

ABC Company pays the salary of its employees according to the Ethiopia calendar of Hidar
2014.

S.No Name of Basic Salary Monthly OT hours Duration of OT Basic Salary


Employee Allowance worked work Per Hour

1 Lami Daba 680 ---- 8 10 P.M. to5a.m 4.25

2 Asnake Tilahun 1800 --- 10 Weekly rest 11.25


days

3 Kassa Endale 1280 200 --- -------------- ---

4 Tadele Boru 1900 300 6 10 P.M to 5 11.875


A.M.

5 Kaku Terefe 2400 100 10 Public Holiday 15


Additional information’s
 All employee are permanent except Asnake Tilahun and worked 40 hr per weeks
 The monthly allowance of Kaku Terefe is not taxable; Abdu Mohammed agreed to
have a monthly Br. 200 be deducted and paid to the credit association of the agency
as a monthly saving.
Instructions: show necessary steps and procedures, you are required to perform the
following tasks. Record On Your computer and save on desktop rename payroll process.
Task1:-Prepare payroll sheet (register) for the company for the month of Hidar30,
2014.
Task2:-Prepare or pass the necessary Journal entries for the month of Hidar, 2014.

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