Acme Process Payroll Liabilities

question 99

Multiple Choice

Acme Process Payroll Liabilities
Acme has an automated process for paying the payroll liabilities. On the appropriate date, the accounting system automatically initiates the process payroll liabilities event. Data from the Employee and Payroll Liabilities Account database tables are used in this process. At the completion of this process, the Cash Payments Account and Cash Account database tables are updated and an email is sent to the accountant. The accountant authorizes the payroll liabilities. The Employee, Payroll Liabilities Account, Cash Payments Account, and Cash Account database tables are updated. Payment is sent to the appropriate government entities.
-What are the events in the Acme Process Payroll Liabilities narrative?

• A)Email Accountant and Send Payment
• B)Update database tables and Authorize Payroll Liabilities
• C)Process Payroll Liabilities and Authorize Payroll Liabilities
• D)Send Payment and Process Payroll Liabilities

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Definitions:

Aiding And Abetting

The act of assisting or facilitating another person in the commission of a crime.

Working Papers

Documents that evidence preliminary findings or drafts used in preparing a final document, often in accounting or research.

Accountant-Client Privilege

A legal principle allowing confidentiality of communication between accountants and their clients, similar to attorney-client privilege.

Notes

Legal documents that serve as evidence of a debt, with the issuer promising to pay the holder a specific sum of money at a future date or upon demand.