The following Payroll linked accounts are essential accounts that are required to finish the history -

Question

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A) The linked Vacation Payable account is necessary to track the amount owed to employees for their vacation time. This account should reflect a liability on the company's balance sheet until the vacation pay is paid out to the employee.

B) The linked Advances Receivable account is necessary to track any payroll advances given to employees. This account should reflect an asset on the company's balance sheet until the advance is paid back by the employee.

C) The linked Payroll bank account is also necessary to record all payroll-related transactions, such as salary payments and tax withholdings. This account should reflect the actual cash and cash equivalents owned by the company.

Therefore, both A and B are essential accounts for tracking payroll-related liabilities and assets, while C is necessary to record the actual inflows and outflows of cash.

The Following Payroll Linked Accounts Are Essential Accounts That Are