Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the end of the financial period, the payroll accountant records the _____________ of the employee's pay that is earned but not yet paid; in
At the end of the financial period, the payroll accountant records the _____________ of the employee's pay that is earned but not yet paid; in the next financial period, this entry is _______________.
a) | Amount; deleted | |
b) | Accrual; reversed | |
c) | Total; carried forward | |
d) | Reversal; accrued |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started