Encircle the correct answer Payroll transactions may be entered in the Payroll J
ID: 2499385 • Letter: E
Question
Encircle the correct answer Payroll transactions may be entered in the Payroll Journal or in the Payroll Run Journal. If you are preparing paycheques for one employee, the Payroll Run Journal is usually faster. While entering the payroll, in the field, you should enter the date of payment. Before releasing the vacation pay, you must change the setting in the employee ledger so that the vacation pay is While adjusting the payroll entries, the tax recalculation will not be automatic. You should click the taxes and click In employee and payroll setting we can modify the names for incomes and deductions There is allowance for different kinds of income in addition to the compulsory fields and different payroll deductions. Each income and deduction label may have up to 12 characters.Explanation / Answer
Q 1
Ans False
The payroll journal contains detailed, selected payroll data for several employees, for whom payroll has been run in a particular time interval or a selected payroll period.
Q2,
Ans A) Period end date
Q3
Ans A ) Check on retained vacation
Q4
Ans C) Recalucluate taxes
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