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Granby11
02-07-03, 00:00
Can anyone please tell me if National Insurance contributions for someone who is self-employed are an expense or a liability in a trial balance. I think they are paying voluntary contributions.<BR>Thanks

Melanie
02-07-03, 00:00
In self-employed accounts, NI contributions of any sort are treated as drawings and would go in the Proprietors Capital part of the balance sheet