How does a payroll accountant use the information in the General Ledger? (You ma

Question

How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the questiorn mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 7 General Ledger account balances aggregate data to determine payroll costs. The account balances form the basis for accounting repots. 2 The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees. Payroll expenses contained in the General Ledger are not used to make personnel decisions

Explanation / Answer

We can use the payroll data for determining the the total payroll cost for the company and for preparation of basis of accounting reports.

So , Asnwer = Option 1 & Option 2

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