When Correcting a Data Error in a Payroll Journal Entry

question 30

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:

Labor-intensive Business

A business that requires a high level of manual labor input compared to capital investment, typically characterized by a significant proportion of operational costs being attributed to human labor.

Capital-intensive Business

A type of business that requires significant investment in capital assets like machinery and equipment, often associated with manufacturing industries.

Service-intensive Business

A type of enterprise that primarily offers services rather than goods, requiring a high level of customer interaction and support.

Startups

Newly established businesses, typically in the technology sector, focused on a unique product or service.