At the end of the financial period,the payroll accountant records the ________ of the employee's pay that is earned but not yet paid;in the next financial period,this entry is ________.

Question

Quizplus · Accepted Answer

The payroll accountant records the accrual of the employee's pay that is earned but not yet paid at the end of the financial period. This entry is then reversed in the next financial period, which means it is cancelled out or removed. Therefore, option B, accrual (recorded) and reversed (cancelled or removed), is the correct answer.

At the End of the Financial Period,the Payroll Accountant Records