Professional Documents
Culture Documents
Chapter 10
Chapter 10
“SALARIES EXPENSE”
SSS Contributions
• R.A 1161 as amended that requires every employee or
laborer to be a member of SSS.
- Savings Account
- Current or Checking Account
Savings Account
• Depositor is given a passbook or a bankbook by the
bank.
• Example :
Transportation P20 pesos only
Supplies P50 pesos only