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.

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Definitions:

Spears's

Refers to the principles of servant leadership as articulated by Larry Spears, focusing on characteristics such as empathy, stewardship, and commitment to the growth of people.

Gentle Persuasion

A method of influencing others characterized by the use of soft tactics such as encouragement and logical argumentation, avoiding coercion or aggressive tactics.

Characteristic

A distinguishing feature or quality that defines an individual, group, or thing.

Servant Leader

A leadership philosophy which emphasizes the leader's role as serving the needs of others, focusing on enhancing the growth and well-being of individuals and communities.