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

ID: 2569641 • Letter: H

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 question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

The payroll accountant uses General Ledger balances to determine the effectiveness of indvidual employees General Ledger account balances aggregate data to determine payroll costs. Payroll expenses contained in the General Ledger are not used to make personnel decisions The account balances form the basis for accounting reports.

Explanation / Answer

General ledger account balances aggregated data to determine payroll costs

The account balances from the basis for accounting reports

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