If There Is a Credit Balance in the Payroll Payable

question 65

Multiple Choice

If there is a credit balance in the Payroll Payable at the end of the accounting period,it represents

• A)the amount by which applied payroll was greater than actual payroll.
• B)the amount by which actual payroll was greater than applied payroll.
• C)labor costs which have not been paid.
• D)an amount that should be charged to Cost of Goods Sold.

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Definitions:

Obsessional Thinking

A form of intrusive thought that is unwanted, persistent, and often linked to anxiety or OCD.

Intellectual Functioning

Refers to the cognitive capacities of an individual, including abilities such as reasoning, problem-solving, and learning.

Presenting Problem

The initial issue or concern as reported by a client or patient that leads them to seek professional help or counseling.

Referral

The process of directing someone to another professional or service for additional expertise or treatment.