As the Payroll System Processes Each Payroll Transaction,the System Should

question 18

Multiple Choice

As the payroll system processes each payroll transaction,the system should also perform which activity listed below?

• 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:

Set of Data

A collection of related pieces of information or numerical values subject to analysis.

Mean

The central value of a numeric dataset, determined by summing all the numbers and dividing by the total number of values present.

Frequency Distribution

A statistical representation showing the number of occurrences of each distinct value in a set of data.

Median

The middle value of a data set, which separates the higher half from the lower half of the data set.