The information needed to make the journal entries to record the wages and salaries expense comes from
A) form TD1-A.
B) the look-back period.
C) the payroll register.
D) form PD7A.

Question

Quizplus · Accepted Answer

The payroll register contains all the necessary information to record wages and salaries expense, including employee names, hours worked, rates of pay, and any deductions or withholdings. Form TD1-A is used to determine the amount of income tax to withhold from an employee's pay, while form PD7A is used to remit payroll deductions to the Canada Revenue Agency. The look-back period is used to determine if an employer is subject to the Canada Emergency Wage Subsidy.

The Information Needed to Make the Journal Entries to Record