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What type of account is the employee advances account

Assignment Help Accounting Basics
Reference no: EM132668707

Problem 1: What type of account is the Employee Advances account?

a. Asset

b. Liability

c. Equity

d. Expense

Problem 2: Payroll taxes are remitted to the:

a. Minister of Finance

b. Provincial Revenue Agency

c. Receiver General of Canada

d. Worker's Compensation Board

Problem 3: How can you review a payroll journal entry?

a. Use the Previous and Next buttons in the Payroll Entry form

b. Select the Adjust Liabilities icon in the Employee Center

c. Bring the entry up in the General Journal

d. Use the Previous and Next buttons in the Write Cheques form

Reference no: EM132668707

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