Which of the Following Accounting Functions Ensures That the Employment

question 90

Multiple Choice

Which of the following accounting functions ensures that the employment taxes are kept current?

• A) Leasehold records
• B) Investments records
• C) Payroll records
• D) Accounts receivable records

---

Definitions:

Retired

In accounting and finance, this term often indicates that an asset has been taken out of service or that a debt instrument, like a bond, has been paid off and is no longer in circulation.

Bonds Payable

Bonds payable refers to the amount of money a company owes to holders of its bonds, representing a long-term debt obligation.

Credit Cash

An accounting entry that represents an increase in cash or cash equivalents, indicating funds being added to the company’s assets.

Bond Interest Expense

The cost incurred by an issuer of bonds for the interest required to be paid to bondholders.