When You Examine a Payroll Journal Entry,you Can See That

question 34

Multiple Choice

When you examine a payroll journal entry,you can see that an employee is repaying an advance -

• A)from a debit entry for the Advances Receivable account
• B)from a credit entry for the Advances Receivable account
• C)from a reduced amount for the Wages Expense account
• D)from an increased amount for the Wages Expense account

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Definitions:

Placeholder

A symbol, word, or phrase used to hold the place of content that has yet to be added or finalized.

Filing Process

The systematic procedure of organizing and storing documents, records, or information to ensure easy retrieval and efficient management.

Rotary Circular Files

Tools, often used in dentistry or engineering, that rotate to remove or shape material, featuring a circular or cylindrical shape.

Filing System

An organized method for storing documents, records, and information, enabling easy retrieval and maintenance of data.