A Payroll Clearing Account Is a Separate Bank Account Used

question 71

True/False

A payroll clearing account is a separate bank account used solely for payroll purposes. Funds are transferred into the account to cover payroll checks to be issued.

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Definitions:

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.

Learned Rules

Guiding principles acquired through experience or instruction that influence behavior and decision-making.