disbursements for salaries and wages shall be supported by:

Why would a company have a separate bank account designated for paying payroll-related expenses?

What are the principal reasons for using a special payroll bank account?

Answer only

The payroll information for a pay period is recorded in the general ledger.   True   False

15.Which of the following is/are considered as trade receivables?I.   Claims from customers for merchandise soldII.  Claims from employees representing cash advancesIII. Claims from employees representing selling price of goods sold under normal credit termsIV.  Dishonored customer's noteV.  Customer's accounts on which post-dated checks are heldVI. Receivables arising from subscription to the company's share capital     a. I, II, III and V b. I, III and V c. I, III, IV and V d. I and III

Aa 19.

47. The entry in the books of a government agency with foreign service post to record the receipt of disbursement authority called the Cash Disbursement Ceiling (CDC) includes Debit to Cash-Modified Disbursement System (MDS) Credit to Subsidy from National Government Credit to Cash-Constructive Income Remittance Debit to Subsidy from National Government

Do items reported as a credit memorandum on the bank statement represents (a) additions made by the bank to the company’s balance or (b) deductions made by the bank from the company’s balance? Explain.

Petty Cash Fund Question, When it comes to making payments from the petty cash fund, why isn't there an accounting/journal entry for it? Please Explain.