Which of the following best describes the purpose of the payroll register?
A) It is a list of all persons and companies that the company pays money during a period.
B) It is an individual register maintained for each employee, listing of all the payroll information.
C) It is a worksheet that accountants use to ensure payroll accuracy.
D) It is a report that becomes published with other ﬁnancial reports.

Question

Quizplus · Accepted Answer

The payroll register is a worksheet used by accountants to ensure the accuracy of payroll calculations and to track payroll expenses. It typically includes information such as employee names, wages, deductions, and taxes withheld. While it may be used in the preparation of published financial reports, its primary purpose is internal record-keeping and monitoring of payroll activity. Option A is too broad and does not capture the register's function as a monitoring tool. Option B is closer but misses the fact that the register serves to track payroll expenses, not just individual employee information. Option D is incorrect as the register itself is not typically published.

Which of the Following Best Describes the Purpose of the Payroll