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

The payroll transaction file includes all payroll transactions processed by the accounting system for a given period of time. The payroll journal typically summarizes the transactions and the payroll summary may only show high-level information such as total expenses incurred for payroll. The time report provides the source data for payroll transactions but does not show the actual transactions processed by the system.

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