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Which of the Following Statements Is True

Question 103

Multiple Choice

Which of the following statements is true?


A) Payroll deductions are an expense of the company.
B) When the payroll is recorded,the total wages expense is equal to the sum of all the deductions.
C) The net pay is debited to wages expense when the payroll is recorded.
D) Gross pay is equal to the hours worked x the hourly pay rate.

Correct Answer:

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