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ACCA Applied Knowledge · Business and Technology · Accounting and finance functions within business organisations

Which of the following is a payroll function task rather than a task of the general bookkeeping function?

Calculating gross pay, statutory and voluntary deductions and net pay is a payroll task. The other activities, posting supplier invoices, reconciling the bank and preparing the sales ledger control account, are general bookkeeping and ledger control tasks rather than payroll processing.

  1. ACalculating employees' gross pay, deductions and net pay each periodCorrect
  2. BPosting supplier invoices to the payables ledger
  3. CReconciling the bank statement to the cash book
  4. DPreparing the sales ledger control account

Explanation

Payroll calculates gross pay, statutory deductions such as income tax and social security, voluntary deductions and net pay, and produces payslips. The other options are routine bookkeeping and reconciliation tasks relating to payables, cash and receivables.

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