The payroll journal entries for different employees -
A)must link the wages for all employees to the same wage expense account
B)must link the EI expenses for all employees to the same EI expense account
C)must use a single expense account for regular wages,salary and commissions
D)none of the above

Question

Quizplus · Accepted Answer

The journal entries should link the EI expenses for all employees to the same EI expense account to ensure consistent and accurate tracking of EI expenses. However, each employee's wages should be linked to their respective wage expense account to accurately reflect the cost of each employee's labor. Using a single expense account for regular wages, salary, and commissions would not be appropriate as these types of compensation should be separated for accurate financial reporting.

The Payroll Journal Entries for Different Employees -