All of the following are true about payroll accrual entries, EXCEPT:
A)Payroll tax expense is debited.
B)They may be charged to manufactured inventory.
C)Overtime is not included.
D)All of the answer choices are correct.

Question

Quizplus · Accepted Answer

Payroll accrual entries include all payroll expenses, including regular wages, salaries, and overtime. Therefore, the statement that overtime is not included is incorrect. Payroll tax expense is indeed debited, and payroll costs, including those related to the production of inventory, can be charged to manufactured inventory.

All of the Following Are True About Payroll Accrual Entries