When a Single-Check for Payroll Is Prepared and Deposited into a Special

question 3

Multiple Choice

When a single-check for payroll is prepared and deposited into a special payroll bank account,which of the following entries is made to record the deposit?

• A) debit Wages and Salaries Expense; credit Cash
• B) debit Payroll Cash; credit Cash
• C) debit Cash; credit Payroll Expense
• D) debit Cash; credit Wages and Salaries Expense

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Definitions:

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the purpose of improving job performance.

Capital

Capital refers to financial assets or physical resources that are used in the production of goods and services, including machinery, buildings, or money invested.

Workforce

The group of people who are engaged in or available for work, either in a country or a firm.