Which one of the following statements about payroll linked accounts is correct -

Question

Quizplus · Accepted Answer

Payroll linked accounts can vary widely in how they are structured based on the organization's accounting practices. There is no single rule that each employee must have a unique linked wage expense account, nor that all employees must be linked to the same wage expense account, nor that each type of income must be linked to a unique expense account. These practices can differ based on the company's size, the complexity of its payroll, and its accounting software capabilities.

Which One of the Following Statements About Payroll Linked Accounts