If the statement is true, write T in the space provided. If the statement is false, write F in the space provided.
1. The computer permits the user to delete an employee at any time during the calendar year.
2. You cannot make corrections to the payroll transactions once they have been entered into the computer.
3. When a payroll transaction is entered, the computer can be instructed to calculate payroll taxes.
4. The computer can automatically generate an employee’s paycheck.
5. The payroll software is date sensitive, and it depends on the payroll transaction dates to accurately accumulate and process payroll data.
6. Payroll journal entries must be manually entered into the general journal to update the general ledger payroll account balances.
7. The general journal report provides a listing of the journal entries posted during payroll processing.