When Correcting a Data Error in a Payroll Journal Entry

question 11

Multiple Choice

When correcting a data error in a payroll journal entry before posting you should -

• A) first open the payroll journal and enter the correct work
• B) remove the payroll entry from the edit menu
• C) select the incorrect field(s) and enter the correct data
• D) discard the payroll transaction by clicking the undo tool

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Definitions:

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries, known as the member states of the euro area.

Journal Entries

The recorded logs of financial transactions in an accounting system, detailing accounts affected, amounts, and date.

Foreign Currency

Currency used in a country other than one’s own, involving the exchange of currencies in the global market for trading, investment, and finance.

Merchandise

Goods that are bought and sold in a retail or wholesale environment.