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Posts: 104
2 weeks ago
As each payroll transaction is processed, the system should also

• allocate labor costs to appropriate general ledger accounts

• use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger

• both allocate labor costs to appropriate general ledger accounts  and use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger

• The HRM system should not perform either activity A or B.
Source  Download
Accounting Information Systems
Edition: 14th
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wrote...
Posts: 122
2 weeks ago
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both allocate labor costs to appropriate general ledger accounts  and use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger
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