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Chapter 11: 9RQ (page 604)

How might a business use a payroll register?

Short Answer

Expert verified

The payroll register is used as an original book for recording payroll transactions.

Step by step solution

01

Payroll Register

The payroll register is the summary of all earnings, withholdings, and net for each employee. This register lists all the employees with their gross pay, list of all withholdings, net pay, and check number.

02

Use of payroll register

The payroll register acts as an original book of entry for recording the payroll journal entry. The journal entry is made by debiting the gross pay and crediting all withholdings and net pay payable. This register is also used by the company for taking several payroll-related decisions.

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Most popular questions from this chapter

In 150 words or fewer, explain how contingent liabilities are accounted for.

What is the difference between gross pay and net pay?

What payroll taxes is the employer responsible for paying?

The following financial information was obtained from the year ended 2018 income statements for Cash Automotive and Pennington Automotive:

Cash Pennington

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