How Does the Payroll Register Connect with the Employees' Earnings

question 72

Multiple Choice

How does the payroll register connect with the employees' earnings records?

• A)Both documents contain information about the employee's address and job title.
• B)Both documents contain details of employee earnings,deductions,and disbursement for a pay period.
• C)Both documents contain year-to-date totals of taxes.
• D)Both documents contain information from multiple pay periods.

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Definitions:

Liability

A financial obligation or debt that a company owes to another entity.

Asset

Resources owned or controlled by a business or an individual that are expected to produce economic value or future benefits.

Dividends Account

An account in a company's financial records where dividend payments are recorded, reflecting distribution of profits to shareholders.

Debit Balance

A situation in accounting where the sum of debits exceeds the sum of credits, often indicating the amount owed or an asset's value.