Which of the following includes all payroll transactions processed by the accounting system for a given period of time?
A) payroll journal
B) payroll transaction file
C) time report
D) payroll summary

Question

Quizplus · Accepted Answer

A payroll transaction file typically includes all payroll transactions processed, including employee wages, taxes, and deductions for a given period, such as a week or a month. A payroll journal records the individual transactions, but does not necessarily include all transactions processed in the accounting system. A time report shows hours worked but does not provide information on taxes or deductions. A payroll summary provides an overview of total payroll expenses for a period, but does not include details on individual transactions.

Which of the Following Includes All Payroll Transactions Processed by the Accounting