if a company uses a special payroll bank account. the company does not need to...
80.2K
Verified Solution
Link Copied!
Question
Accounting
if a company uses a special payroll bank account. the company does not need to issue paychecks. the copany draws one check for total payroll on the regular bank account and deposits it in the payroll bank account. the company must uses a federal depository bank for the payroll bank account. there is no need for a payroll register.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!