Which One of the Following General Statements About Payroll Is

question 32

Multiple Choice

Which one of the following general statements about payroll is incorrect -

• A) all payroll cheque run entries are recorded with the same posting date
• B) quick add will add the employee name to the payroll ledger
• C) one-time bonus payments should be recorded separately
• D) you may edit any field that is not dimmed

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Definitions:

"Passed Through"

A process in which financial benefits or obligations are transferred from one party to another, often used in the context of mortgage-backed securities.

Unit Investment Trusts

Fixed portfolios of stocks, bonds, or other securities assembled by a sponsor, which are then sold in shares to investors, offering a fixed return over the trust's lifespan.

Fixed-Income Portfolios

Investment portfolios that consist primarily of debt securities like bonds, which are designed to provide a fixed return through interest payments to investors over time.

Actively-Managed

A strategy where a fund's investments are frequently adjusted by a manager or management team in an attempt to outperform the market.