Small Corporation Uses a Wages Clearing Account for Its Payroll

question 39

Multiple Choice

Small Corporation uses a Wages Clearing Account for its payroll disbursements.At the end of February,a reasonably large debit balance remained in this account.What is the most likely reason?

• A)More labour cost had been assigned to the expense accounts than had been paid.
• B)Some labour cost had not been properly classified in the expense accounts.
• C)Some employees had not yet cashed their cheques.
• D)Not enough cash had been transferred to the bank account.

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Definitions:

Endocrine

Pertaining to glands that secrete hormones directly into the bloodstream to regulate body processes.

Positive Feedback

A process where the output or effect of a system increases the activity or process in the same direction.

Nervous System

A complex network of nerves and cells (neurons) that transmit signals between different parts of the body, coordinating behavior, movement, and physiological processes.

Endocrine Organ

Glands in the body that release hormones directly into the bloodstream to regulate various bodily functions.