The Purpose of a General Ledger Payroll Clearing Account Is

question 55

Multiple Choice

The purpose of a general ledger payroll clearing account is

• A)to check the accuracy and completeness of payroll recording and its allocation to cost centers.
• B)to make the bank reconciliation easier.
• C)to make sure that all employees are paid correctly each week.
• D)to prevent the cashier from having complete control of the payroll cycle.