Questions: Required: How does a payroll accountant use the information in the general ledger? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. ? The payroll accountant uses general ledger balances to determine the effectiveness of individual employees. ? Payroll expenses contained in the general ledger are not used to make personnel decisions. ? The account balances form the basis for accounting reports. ? General Ledger account balances aggregate data to determine payroll costs.

The correct answers are:

• Payroll expenses contained in the general ledger are not used to make personnel decisions.
• The account balances form the basis for accounting reports.
• General Ledger account balances aggregate data to determine payroll costs.

This statement is incorrect. The general ledger is primarily used for financial accounting and reporting, not for evaluating individual employee performance. Employee effectiveness is typically assessed through performance reviews and other HR metrics.

This statement is correct. While payroll expenses are recorded in the general ledger, they are not directly used to make personnel decisions. Personnel decisions are usually based on performance evaluations, organizational needs, and other HR considerations.

This statement is correct. The general ledger provides the foundational data for preparing various accounting reports, such as income statements and balance sheets, which are essential for financial analysis and decision-making.

This statement is correct. The general ledger aggregates financial data, including payroll costs, which helps in analyzing and managing overall payroll expenses within an organization.