Which record lists all employees who earn remuneration, the amount of remuneration, the deductions, and the net amount paid for each payroll period?

Question

Justin Daniel

Business

20 October, 18:36

Which record lists all employees who earn remuneration, the amount of remuneration, the deductions, and the net amount paid for each payroll period?

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Answers (1)

Know the Answer?

Collin Bright · Answer 1

The correct answer is Payroll register.

Explanation:

In accounting, the term payroll indicates the amount paid to employees for the work they have done in the company for a certain period of time, usually monthly or quarterly.

The payroll is very important in the financial accounting of a company for several reasons:

First, the importance of the nomic is vital in a company since it and the taxes derived from it significantly affect the net income of the company. It is also often the subject of numerous laws and regulations.

The payroll is also, of course, very important for its recipients: the employees. For a worker, the perception of his payroll is essential for his well-being.