Small Corporation uses a Wages Clearing Account for its payroll disbursements.At the end of February a reasonably large debit balance remained in this account.The most likely reason for this is that
A)More labour cost had been assigned to the expense accounts than had been paid.
B)Some labour cost had not been properly classified in the expense accounts.
C)Some employees had not yet cashed their cheques.
D)Not enough cash had been transferred to the bank account.

Question

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The Answer of Small Corporation uses a Wages Clearing Account for its payroll disbursements.At the end of February a reasonably large debit balance remained in this account.The most likely reason for this is that
A)More labour cost had been assigned to the expense accounts than had been paid.
B)Some labour cost had not been properly classified in the expense accounts.
C)Some employees had not yet cashed their cheques.
D)Not enough cash had been transferred to the bank account.

Small Corporation Uses a Wages Clearing Account for Its Payroll