A Company That Specializes in Rendering Payroll Services to Client

question 35

True/False

A company that specializes in rendering payroll services to client companies for a fee is a payroll service bureau.

---

Definitions:

Governmental Fund

A type of fund used by government entities to account for activities that are financed through tax revenue and other governmental resources, focusing on fiscal accountability.

Capital Projects Fund

A fund used by governmental entities to finance major capital outlays, such as buildings, infrastructure, and other significant projects.

Financial Statements

Comprehensive reports that provide information about an organization's financial position, performance, and changes in financial condition.