When EI Amounts Are Missing from a Payroll Journal Entry

question 27

Multiple Choice

When EI amounts are missing from a payroll journal entry in a February paycheque,you should check -

• A)whether or not you entered the historical amount correctly
• B)whether or not the employee's date of birth is correct
• C)whether or not the linked accounts are correct
• D)a and c are correct

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Definitions:

Liquidates

To convert assets into cash or cash equivalents by selling them on the open market, often used in business contexts to settle debts.

Bylaws

A set of governing rules adopted by a corporation or other association.

Organizational Meeting

An initial gathering designed to establish the structure or operation of an organization, committee, or project.

Corporation Adopts

The process through which a corporation formally adopts policies, procedures, or changes in structure.