The Document That Lists Each Employee's Gross Pay,payroll Deductions,and Net

question 26

Multiple Choice

The document that lists each employee's gross pay,payroll deductions,and net pay in a multicolumn format is called

• A)an employee earnings statement.
• B)the payroll register.
• C)a deduction register.
• D)an employee time sheet summary.

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Definitions:

Capital Accounts

Financial records that show the ownership equity in a company, including initial capital contributions, retained earnings, and withdrawals by owners.

Outstanding Liabilities

Financial obligations that a company or individual has not yet settled.

Liquidated Assets

Assets that have been converted into cash or cash equivalents by selling them.

Partnership Liability

The legal obligations that partners in a business partnership are subject to, which can include debts, actions of other partners, and contractual obligations.