Asked by Carissa Abrams on May 22, 2024
Verified
Companies with many employees rarely use a special payroll bank account from which to pay employees.
Payroll Bank Account
A separate bank account used by businesses specifically for processing payroll transactions, ensuring that funds are available for employee wages and related taxes.
- Understand the significance and preparation methods for payroll documents such as the payroll register and employee earnings records.
Verified Answer
KB
Krishna BhattMay 26, 2024
Final Answer :
False
Explanation :
Companies with many employees often use a special payroll bank account from which to pay employees to ensure timely and accurate payments, as well as easier tracking and record-keeping.
Learning Objectives
- Understand the significance and preparation methods for payroll documents such as the payroll register and employee earnings records.