On Jan 12, 2008 9:57 AM, <[EMAIL PROTECTED]> wrote:
> Hi List,
>
> Been meaning to query this for a while, but I keep forgetting.
>
> The PAYE and National Insurance account (2210) is set up as an asset.
> Since the money that goes into this account is not actually owned by
> the business, but is
Thanks, that's a very interesting website. Bookmarked for future reference.
It does sort of agree with my point, I think - although I was less
than clear. The money is tracked in the current account, where it is
obviously an asset. The amount owed to HMRC is a liability (which is
discharg
[EMAIL PROTECTED] wrote:
> The PAYE and National Insurance account (2210) is set up as an asset.
> Since the money that goes into this account is not actually owned by
> the business, but is held in trust for Her Majesty's Revenue and
> Customs, should it be a liability instead?
I suspect t
Hi List,
Been meaning to query this for a while, but I keep forgetting.
The PAYE and National Insurance account (2210) is set up as an asset.
Since the money that goes into this account is not actually owned by
the business, but is held in trust for Her Majesty's Revenue and
Customs, shoul
