Question
2. Which one of the following general statements about payroll is incorrect a. all payroll cheque run entries are recorded with the same posting date
2. Which one of the following general statements about payroll is incorrect
a. all payroll cheque run entries are recorded with the same posting date
b. quick add will add the employee name to the payroll ledger
c. one-time bonus payments should be recorded separately
d. you may edit any field that is not dimmed
3. When you select pay remittance in the payments journal
a. the amounts for all payroll authorities are shown automatically
b. the amount shown as owing for an authority is the same as the liability account ledger balance
c. the journal always shows the amount owing for the previous month
d. you must select a payroll authority before the amount owing is displayed
6. To set up an employee for direct payroll deposit you must do all but one of the following
a. enter the percentage of the pay that is to be deposited to each bank account
b. enter the bank, transit and account numbers as the bank account details
c. enter the total payroll amount that is deposited
d. choose the option direct deposit paycheque for this employee
7. Which of the following statements is true about linked accounts for the Payroll module
a. the Vacation Payable linked account is not required when all employees are salaried
b. the Payroll linked bank account is not required when all employees have their pay cheques deposited directly to their bank accounts
c. none of the linked accounts for Payroll are essential linked accounts that are required to finish the history
d. the Advances Receivable linked account is an essential account (required to finish the history)
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