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Home Q & A Board Other Fields Homework Help Business Accounting
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barry barry
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Posts: 11630
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9 years ago
Why is a separate payroll account used to clear payroll checks?
A) for internal control purposes to help limit any exposure to loss by the company
B) to make bank reconciliation easier
C) banks don't like to commingle payroll and expense checks
D) All of the above are correct.
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newstartnewstart
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#1
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9 years ago
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