The payroll department performs all of the following exceptSelect one:a.updates employee payroll recordsb.prepares the payroll registerc.prepares paychecksd.transfers adequate funds to the payroll imprest accountClear my choice
Question
The payroll department performs all of the following exceptSelect one:a.updates employee payroll recordsb.prepares the payroll registerc.prepares paychecksd.transfers adequate funds to the payroll imprest accountClear my choice
Solution
The question is asking which of the listed options is not a task typically performed by the payroll department.
a. Updates employee payroll records - This is a task performed by the payroll department. They need to keep track of all employees' hours, salaries, deductions, etc.
b. Prepares the payroll register - This is also a task performed by the payroll department. The payroll register is a document that summarizes the earnings, deductions, and net pay of all employees for a specific pay period.
c. Prepares paychecks - This is another task performed by the payroll department. After calculating the net pay for each employee, the department prepares the paychecks.
d. Transfers adequate funds to the payroll imprest account - This is typically not a task performed by the payroll department. The imprest system is a financial accounting system that maintains a fixed amount of cash in a business. The replenishment of the imprest cash fund, including the payroll imprest account, is usually handled by the finance or accounting department, not the payroll department.
So, the answer is d. Transfers adequate funds to the payroll imprest account.
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