1. In ideal circumstances, each payroll check is delivered personally to the employee who signs a receipt for it. 2. The amount of income taxes withheld from employee gross pay is an expense to the...


Please write TRUE if the statement is True. And if FALSE, WRITE THE CORRECT STATEMENT.


1. In ideal circumstances, each payroll check is delivered personally to the<br>employee who signs a receipt for it.<br>2. The amount of income taxes withheld from employee gross pay is an<br>expense to the employer.<br>3. An entry is made debiting Accrued Payroll and crediting Cash when<br>payroll checks drawn against a payroll checking account are issued.<br>

Extracted text: 1. In ideal circumstances, each payroll check is delivered personally to the employee who signs a receipt for it. 2. The amount of income taxes withheld from employee gross pay is an expense to the employer. 3. An entry is made debiting Accrued Payroll and crediting Cash when payroll checks drawn against a payroll checking account are issued.

Jun 09, 2022
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