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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

When is the payroll register updated?

  1. a. Annually
  2. b. Each payday
  3. c. Quarterly
  4. d. Monthly
  5. e. No set schedule–whenever there is time

To determine

Specify the period under which the payroll register is updated.

Explanation

Payroll register:

Payroll register is a form that is used by an employer to gather information on earnings, taxable earnings, deductions and net pay of each employee at the end of the each payroll period.

Justification for the correct answer:

Option a, c, d and e:

Payroll register is a form that is used by an employer to gather information on earnings, taxable earnings, deductions and net pay of each employee. They are recorded at the end of each payroll period and not annually, quarterly, monthly or no set schedule because it may lead to incorrect information and recording of payroll amount of the employees...

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