Question Tag: Payroll Accounting

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FA – Nov 2013 – L1 – SB – Q2a – Accounting Concepts

Explanation of the menu system and listing initial menu options in accounting packages.

Micro-computer accounting packages are used by personnel who are not computer programmers or system analysts. For this reason, the packages operate on a “menu system.”

(i) Explain the term “menu system.”
(2 Marks)

(ii) In order of preference, list the typical initial menu options in an accounting package to open and process fresh data in a new file.
(6 Marks)

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MI – Nov 2021 – L1 – SA – Q10 – Accounting for Cost Elements

Identify the correct term for calculating gross pay and associated payments.

The computation of the gross pay for each employee and calculation of payments to be made to employees, government and pension funds is called:

A. Wages control accounting
B. Labour cost accounting
C. Payroll accounting
D. Direct labour accounting
E. Overhead control accounting

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FA – Nov 2013 – L1 – SB – Q2a – Accounting Concepts

Explanation of the menu system and listing initial menu options in accounting packages.

Micro-computer accounting packages are used by personnel who are not computer programmers or system analysts. For this reason, the packages operate on a “menu system.”

(i) Explain the term “menu system.”
(2 Marks)

(ii) In order of preference, list the typical initial menu options in an accounting package to open and process fresh data in a new file.
(6 Marks)

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MI – Nov 2021 – L1 – SA – Q10 – Accounting for Cost Elements

Identify the correct term for calculating gross pay and associated payments.

The computation of the gross pay for each employee and calculation of payments to be made to employees, government and pension funds is called:

A. Wages control accounting
B. Labour cost accounting
C. Payroll accounting
D. Direct labour accounting
E. Overhead control accounting

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Report an error

You're reporting an error for "MI – Nov 2021 – L1 – SA – Q10 – Accounting for Cost Elements"

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