What is (are) a good reason(s) for using a payroll bank account for payroll that is separated
Question:
What is (are) a good reason(s) for using a payroll bank account for payroll that is separated from your operating bank account?
a. Easier to audit payroll transactions
b. Easier to find an individual’s payroll transaction if check is lost
c. Quicker bank reconciliation of payroll checking account
d. All of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
d All of the above Using a payroll bank account that is separate ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
Indicate where the following accounts are found: Discussion of design with potential customer belongs to the: * Income Statement Balance Sheet Owner's Equity Statement None of the above Unearned...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Hi there , I need help. for my work i need a relevant and well written introduction as well as conclusion to the following below. My work is complete i just need a introduction and conclusion please...
-
Micah Bartlett Company purchased equipment on January 1, 2013, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years....
-
Briefly define the horizontal, hollow, modular, network, and virtual organization designs. How do these differ from the classical design? How do they better meet the challenges of the new environment?
-
Convert each fraction into a decimal fraction (divide bottom into top) and into a percentage (after the division, move the decimal point two places to the right). These conversions should be...
-
Sherman Lawn Service, Inc., began operations and completed the following transactions during August: Aug 1 Received \($1,000\) and issued 100 shares of common stock. Deposited this amount in bank...
-
The yield of a chemical process is being studied. From previous experience yield is known to be normally distributed and = 3. The past five days of plant operation have resulted in the following...
-
Read the following onlinecomment and then complete parts A and B below: Taking an online class in college is a waste of time and money. You don't even see your professor in person. How do you even...
-
KV Accounting and Business Consultants provides a variety of consulting services to a diverse range of clients. The company has three support departments and three revenue generating departments,...
-
Alan Johnson works for CAT Commercial Builders, Inc. His pay rate is $14.00 per hour and he receives overtime pay at one and one-half times his regular hourly rate for any hours worked beyond 40 in a...
-
The hourly rates of four employees of European Enterprises follow, along with the hours that these employees worked during one week. Determine the gross earnings of each employee. Employee No. 1 2 3...
-
Imagine a planet and its moon gravitationally interacting with a force F G . What would be the value of the gravitational force if the moon were moved out to three times the original center-to-center...
-
Discuss the implications of integrating blockchain technology into supply chain management systems. Explore how blockchain's decentralized and immutable nature can potentially revolutionize...
-
If you multiply (x-4)(x+8), then the product has the form Ax2 + Bx + C. Find B. Type your answer...
-
1. You are an astronomer on planet Ribby, which orbits a distant star. It has recently been accepted that Ribby is spherical in shape, though no one knows its size. One day, while studying in the...
-
Asphine already has $15,500 saved for a down payment for a house and she plans to save another $400 at the end of each month for the next three years. If she earns 8.4% compounded monthly how large...
-
Boat for $3M. He was to return his acceptance in the course of Post. By a letter also dated the 1st February, Mark informed Joe that he was selling his Toyota Rav 4 car for $1, 500,000.00. He stated...
-
Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each candle requires molding. Assume that 12 minutes are required to mold each candle. If molding labor costs $14.00 per hour,...
-
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
-
Whatnots is a retail seller of cards, novelty items, and business products. On December 31, 2019, the firm's general ledger contained the following accounts and balances. INSTRUCTIONS 1. Prepare the...
-
The Game Place is a retail store that sells computer games, owned by Matt Huffman. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All account balances are...
-
The unadjusted trial balance of Ben's Jewelers on December 31, 2019, the end of its fiscal year, appears below. INSTRUCTIONS 1. Copy the unadjusted trial balance onto a worksheet and complete the...
-
Consider the general case of a block of mass MB hanging at rest and a dart of mass mo moving horizontally with speed vo. The dart hits and embeds in the block, and the center of mass of the...
-
3 kg of water, originally at 10 degrees Celsius, is mixed with 10 kg of lead. The final result at equilibrium is 16 degrees Celsius. Find the initial temperature of the lead. C = 4186 kg-C (specific...
-
Write a java program to perform to find out area of a square?
Study smarter with the SolutionInn App