Which of the Following Statements Is True About Linked Accounts

question 20

Multiple Choice

Which of the following statements is true about linked accounts for the Payroll module -

• A)the Vacation Payable linked account is not required when all employees are salaried
• B)the Payroll linked bank account is not required when all employees have their pay cheques deposited directly to their bank accounts
• C)none of the linked accounts for Payroll are essential linked accounts that are required to finish the history
• D)the Advances Receivable linked account is an essential account (required to finish the history)

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Definitions:

Publicly Held Corporations

Companies whose shares are traded on public stock exchanges, allowing for ownership by the general public.

Federal Legislation

Laws enacted by the national government of a country, in this case, the United States, which apply to all states and citizens.

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives; it is used to determine options that provide the best approach to achieve benefits while preserving savings.

Social Theory

A framework or set of ideas that aims to explain how societies function, change, and develop.