Payroll Functions include All of the Following Except

question 23

Multiple Choice

Payroll functions include all of the following except:

• A) planning and controlling production.
• B) preparing the payroll.
• C) hiring employees.
• D) protecting unclaimed wages.
• E) recording the payroll.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.

Salaries Expense

The cost incurred by a company for the salaries of its employees.

Journal Entry

A record in accounting that notes the details of a financial transaction.