You Can Adjust a Payroll Journal Entry After Posting by -

question 14

Multiple Choice

You can adjust a payroll journal entry after posting by -

• A) selecting a different employee
• B) changing the wage rate
• C) accessing the adjust paycheque feature from the payroll journal
• D) changing the number of hours worked

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Definitions:

Conditional Sale Agreement

A sales contract in which the buyer gains possession of the item, but its title and right of repossession remain with the seller until all payments are made.

Title

A formal right of ownership of property, which signifies the owner's legal possession and control.

Final Payment

The last payment in a series that settles a debt or completes a purchase agreement.

Purchaser

The individual or entity that buys goods or services, also known as a buyer.