How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? General Ledger account balances aggregate data to determine payroll costs. ?Payroll expenses contained in the General Ledger are not used to make personnel decisions. The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees. ?The account balances form the basis for accounting reports.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
ry Bookmarks Profiles Tab Window Help
Gradebook / ACT 196: Payroll X M Question 1- Ch. 7 - Assignmen x +
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.kctcs.edu...
The Moffatt's Fam... MyPath - Home
s MyPath - Home Protection Plan Bread Member Po...
Home
SmartBook 2.0 M SmartBook 2.0
ignment i
ces
C...txt A
3:
@
7
W
F2
X
#
Exercise 7-6A (Static)
How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. Single click the
box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to
empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
? General Ledger account balances aggregate data to determine payroll costs.
?Payroll expenses contained in the General Ledger are not used to make personnel decisions.
The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees.
?The account balances form the basis for accounting reports.
3
E
80
F3
$
4
JUL
22)
R
a
F4
%
5
T
F5
< Prev
A
6
Saved
n tv ♫♬
c
F6
Y
1 of 10
&
7
AK
F7
Next >
*
8
S
DII
F8
I
9
DD
F9
O
)
0
My Products -EPR...
Help
Å
F10
P
Save & Exit Submit
4
F11
Show A
O
*
F12
=
Transcribed Image Text:ry Bookmarks Profiles Tab Window Help Gradebook / ACT 196: Payroll X M Question 1- Ch. 7 - Assignmen x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.kctcs.edu... The Moffatt's Fam... MyPath - Home s MyPath - Home Protection Plan Bread Member Po... Home SmartBook 2.0 M SmartBook 2.0 ignment i ces C...txt A 3: @ 7 W F2 X # Exercise 7-6A (Static) How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? General Ledger account balances aggregate data to determine payroll costs. ?Payroll expenses contained in the General Ledger are not used to make personnel decisions. The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees. ?The account balances form the basis for accounting reports. 3 E 80 F3 $ 4 JUL 22) R a F4 % 5 T F5 < Prev A 6 Saved n tv ♫♬ c F6 Y 1 of 10 & 7 AK F7 Next > * 8 S DII F8 I 9 DD F9 O ) 0 My Products -EPR... Help Å F10 P Save & Exit Submit 4 F11 Show A O * F12 =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Payroll Procedures
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education