To Correct a Data Error in a Payroll Journal Entry

question 32

Multiple Choice

To correct a data error in a payroll journal entry after posting it you should -

• A)select the employee from the employees list
• B)select the adjust cheque tool as a first step
• C)select the incorrect fields)and enter the correct data
• D)select cancel and re-enter the correct information

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Definitions:

Receivables

All money claims against other entities, including people, business firms, and other organizations.

Written Off

The process of recognizing that a portion of a company's assets or receivables has decreased in value and is unlikely to be recovered, thus removing it from the balance sheet.

Account Receivable

A claim against the customer created by selling merchandise or services on credit.

Reinstated

Restoring something to its previous state or position, often used in the context of employment, insurance, or legal status.