Which of the Following Payroll Details Cannot Be Entered in the Payroll

question 20

Multiple Choice

Which of the following payroll details cannot be entered in the payroll cheque run journal -

• A) personal or sick leave days taken
• B) employee benefits
• C) advances given and recovered
• D) all of the above can be entered in the payroll cheque run journal

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Definitions:

Compound Interest

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Present Value

The value today of a sum of money or cash flow expected in the future, adjusted for a particular return rate.

Earnings Rate

The rate of return on investment or the rate at which profits are generated from a business or investment.

Cash Payback Period

The time it takes for an investment to generate enough cash flow to recover its initial cost, used in capital budgeting.