What Does It Mean to Prove the Payroll Register

question 81

Multiple Choice

What does it mean to prove the payroll register?

• A) Gaining approval to disburse payroll amounts.
• B) Verifying the validity of employees' time sheets.
• C) Ensuring that the sum of the column totals equals the sum of the row totals.
• D) Computing the column and row totals.

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Definitions:

Net Income

Represents the total earnings of a company after all expenses and taxes have been deducted from revenue.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Credit Column

In accounting, the column in ledgers or financial statements where credits are recorded, typically indicating a decrease in assets or an increase in liabilities.

Liabilities

Financial obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.