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 a report that becomes published with other financial reports.
C)It is a worksheet that accountants use to ensure payroll accuracy.
D)It is an individual register maintained for each employee,listing of all the payroll information.

Question

Quizplus · Accepted Answer

The purpose of the payroll register is to provide a detailed list of all payroll transactions for a specific period. It is used by accountants to ensure the accuracy of payroll calculations and to track employee earnings and deductions. It is not a comprehensive list of all persons and companies that the company pays, nor is it a report that is typically published for external use. It is also not an individual register maintained for each employee.

Which of the Following Best Describes the Purpose of the Payroll