One step in the payroll cycle is the preparation of paychecks.In the next step the payroll register is sent to accounts payable for review.What is the following step in the process?
A)The paychecks are distributed to the employees.
B)A disbursement voucher is prepared to authorize the transfer of funds from the company's general account.
C)The payroll taxes are computed.
D)The earnings statements are printed.

Question

Quizplus · Accepted Answer

After the payroll register has been reviewed by accounts payable, the next step is to prepare a disbursement voucher that authorizes the transfer of funds from the company's general account to the payroll account for the amount of the payroll. Once the disbursement voucher has been prepared and approved, funds are transferred and paychecks can be distributed to employees. The computation of payroll taxes typically occurs during the preparation of the payroll register, so it is not the next step in the process. The printing of earnings statements may occur before or after the preparation of paychecks and is not necessarily the next step in the process.

One Step in the Payroll Cycle Is the Preparation of Paychecks.In