The Pay Cheques Journal Has No Column On-Screen to Allocate

question 24

Multiple Choice

The pay cheques journal has no column on-screen to allocate payroll expenses, therefore -

• A) we must open a new division for payroll
• B) we must post the payroll entry before allocating expenses
• C) we must choose the allocate tool or the allocate menu option to open the division allocation screen
• D) we must access the division account from the payroll journal

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Definitions:

Best-And-Final-Offers

Best-and-final offers are the last and most competitive bids or proposals requested from suppliers or contractors during a negotiation, after which a selection is made.

Clarify

To make a statement or situation less confused and more understandable.

Payment Bond

A type of surety bond that guarantees the payment of subcontractors, laborers, and suppliers on construction projects.

Liens

Legal claims or rights against property or assets that secure the payment of a debt or fulfillment of some obligation.