As Each Payroll Transaction Is Processed,the System Should Also

question 62

Multiple Choice

As each payroll transaction is processed,the system should also

• A)allocate labor costs to appropriate general ledger accounts
• B)use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger
• C)both A and B above
• D)The HRM system should not perform either activity A or B.

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Definitions:

Initiates

Begins or starts a process, activity, or ceremony, implying the taking of initial steps to move forward.

Divorce

The legal dissolution of a marriage by a court or other competent body, typically involving the reorganization or termination of marital duties and responsibilities.

Family Members

Individuals who are related by blood, marriage, or adoption and have a significant relational bond.

Stress

The body's response to any demand or challenge, can be physical, mental, or emotional.