Where does the responsibility lie for reconciling the labor distribution summary and the payroll disbursement voucher?Select one:a.personnelb.cost accountingc.cash disbursementsd.general ledger
Question
Where does the responsibility lie for reconciling the labor distribution summary and the payroll disbursement voucher?Select one:a.personnelb.cost accountingc.cash disbursementsd.general ledger
Solution
The responsibility for reconciling the labor distribution summary and the payroll disbursement voucher typically lies with cost accounting. This is because cost accounting involves analyzing the costs of labor and other expenses related to a company's operations. Therefore, the correct answer is b. cost accounting.
Similar Questions
Upon receipt of the____________, the cash disbursements function prepares a single check for the entire amount of the payroll and deposits it in the payroll imprest account.Select one:a.approval of employee supervisorb.time cardsc.voucher packetd.job ticket
The payroll processing system typically maintains the following accounting records, exceptSelect one:a.Time cards, job tickets, and disbursement vouchers.b.Subsidiary ledger accounts, which contain the employee records and various expense accounts.c.Journal information, which comes from the labor distribution summary and the payroll register.d.All of the mentioned choices
In the payroll subsystem, which function should distribute paychecks?Select one:a.paymasterb.timekeepingc.payrolld.personnel
The employer should record payroll deductions asMultiple ChoiceEmployee receivablesWages payableCurrent liabilitiesPayroll taxes expenseEmployee payables
It is being filed in the closed voucher file, and an account summary is prepared and sent to the general ledger function.Select one:a.Vendor's packing slip and the purchase order.b.Voucher Packetc.Check registerd.Receiving report
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.