Question

How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. The account balances form the basis for accounting reports. Payroll expenses contained in the General Ledger are not used to make personnel decisions. General Ledger account balances aggregate data to determine payroll costs. The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees.

Answer 1

Answer: General Leger account balances aggregate data to determine payroll costs .

The account balances form the basis for accounting reports.

Explanation: a General ledger is defined as the central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements.

The general ledger provides information of accounting reports which in turn is used to balance aggregate data to determine payroll costs .