CHAPTER 1 DISCUSSION

DISCUSSION ACTIVITY

Expenses are costs incurred by an organization in the process of earning revenue during a given time period. Expense accounts have a direct impact on the profitability of an organization.

List three expense accounts related to payroll. Describe when you would expect the account to be cleared to zero. Explain the methods you could use to reconcile these accounts.

Reference on this book is on Payroll fundamentals 2 ( Payroll Compliance Practitioner) Chapter 1