The main function of the Majority and Minority Whips is to gather votes on major issues. Because they are the second ranking member of the Senate, if there is no floor leader present, the whip may become acting floor leader. Before 1969, the official titles were Majority Whip and Minority Whip. 1 Current floor leaders.
What is Business Income and Extra Expense Coverage? Also referred to as business interruption insurance, business income and extra expense coverage provides your business with financial protection when an insured loss prevents you from commencing business as usual.
Salaries. The most common items you will include in a payroll entry are tax withholdings, benefit deductions, gross salary and net salary. Gross salary is an expense because it is a cost of doing business. The money you pay your employers in exchange for the work they do at your company is gross salary.ayroll Journal Entry. Increase the salary expense account with a debit, increase any deduction payable accounts with a credit and decrease the cash account with a credit. The sum of debits and credits are always equal in a journal entry using double-entry bookkeeping.