Author Question: When a single-check for payroll is prepared and deposited into a special payroll bank account, which ... (Read 73 times)

jace

  • Hero Member
  • *****
  • Posts: 541
When a single-check for payroll is prepared and deposited into a special payroll bank account, which of the following entries is made to record the deposit?
 a. debit Wages and Salaries Expense; credit Cash
   b. debit Payroll Cash; credit Cash
   c. debit Cash; credit Payroll Expense
   d. debit Cash; credit Wages and Salaries Expense

Question 2

Preventive controls include ________.
 
  A) having the company's accountant review the accounting records and make corrections each month
  B) limiting access to assets
  C) bank reconciliations (comparing the company's accounting records for cash to its bank statement)
  D) counting the money in the cash register and comparing it with the total sales entered in the register



enass

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

b

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

For a complete list of videos, visit our video library