In the Payroll Cheque Run Journal,you Cannot -

question 24

Multiple Choice

In the payroll cheque run journal,you cannot -

• A)enter amounts for advances and advances recovered
• B)enter amounts for bonuses and commissions
• C)edit the salary amount for a period
• D)all of the above can be entered in the payroll cheque run journal

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Definitions:

Inventory

The total amount of goods and/or materials contained in a store or factory at any given time.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure an adequate supply without excessive oversupply or loss.

Just-In-Time Approach

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs by receiving goods only as they are needed in the production process.