What Is the Purpose of a General Ledger Payroll Clearing

question 36

Multiple Choice

What is the purpose of a general ledger payroll clearing account?

• 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

Explore the cognitive theories explaining generalized anxiety disorder, including metacognitive and intolerance of uncertainty theories.

Recognize the significance of unconditional positive regard and conditions of worth according to Rogers’s client-centered theory.

Understand the concept of perfect competition in economics.

Analyze how market prices affect the output decision of firms in a perfectly competitive market.

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Definitions:

Moral Development

The process through which individuals grow in their understanding of morals, ethical behavior, and the reasoning behind their own choices regarding right and wrong.

Postconventional

A stage of moral development where individuals make decisions based on internal principles and values, rather than conforming to societal norms.

Conventional

Referring to ideas, methods, or standards that are widely accepted and practiced within a society or culture.

Preconventional

A level of moral development where individuals' decision-making is based on avoiding punishment or seeking personal gain.