Best practices for paying employees by check include which of the following? (Select all that apply.)
A) Maintenance of a separate checking account for payroll purposes.
B) Keeping a single check register for the firm's checking accounts.
C) Logging the number, amount, and purpose of each check used.
D) Establishing an unclaimed property account for uncashed checks.

Question

Quizplus · Accepted Answer

Maintaining a separate checking account for payroll helps in tracking payroll expenses. Logging check details ensures accurate record-keeping and accountability. Establishing an unclaimed property account for uncashed checks helps manage outstanding liabilities and comply with legal requirements.

Best Practices for Paying Employees by Check Include Which of the Following