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Payroll accounting follows the matching principle under accrual accounting. To follow the matching principles, businesses record payroll expenses to the accrual account until those items are paid out of the checking account. What would the payroll journal entry be, assuming Alpha LLC reports on an accrual basis?
The platform accommodates complex business processes such as multi-subsidiaries and purchaseorders, bringing efficiency to even the most intricate accounting needs. Excellent customerservice team that is friendly, efficient, and responsive to resolving queries.
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