Which of the Following Columns Is Typically Included in a Payroll

question 28

Multiple Choice

Which of the following columns is typically included in a payroll register?

• A) Direct Labor Hours Worked
• B) Warranties Payable
• C) Current Period Earnings
• D) Sales Tax

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Definitions:

Restrictive Endorsement

An endorsement that limits the transferability of an instrument or controls the manner of payment under an instrument.

Transferability

The ease with which ownership rights of certain assets, securities, or financial instruments can be transferred from one party to another.

Holder in Due Course

A party that acquires a negotiable instrument in good faith and for value, thus obtaining certain rights free from previous defenses.

For Value

A legal consideration given as part of a contract or agreement, indicating that something of value was exchanged.