The payroll processing system typically maintains the following accounting records, exceptSelect one:a.Time cards, job tickets, and disbursement vouchers.b.Subsidiary ledger accounts, which contain the employee records and various expense accounts.c.Journal information, which comes from the labor distribution summary and the payroll register.d.All of the mentioned choices
Question
The payroll processing system typically maintains the following accounting records, exceptSelect one:a.Time cards, job tickets, and disbursement vouchers.b.Subsidiary ledger accounts, which contain the employee records and various expense accounts.c.Journal information, which comes from the labor distribution summary and the payroll register.d.All of the mentioned choices
Solution
The correct answer is a. Time cards, job tickets, and disbursement vouchers. While these documents are important for tracking employee hours and job costs, they are not typically maintained by the payroll processing system itself. Instead, these documents are usually managed by other departments, such as human resources or project management, and then provided to the payroll department for processing. The payroll system is more directly involved with maintaining subsidiary ledger accounts (option b) and journal information (option
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