BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Some businesses deposit employee net pay directly to each employee bank account using
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payroll checks
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payroll registers
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EFT
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none of these
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Explanation:
Detailed explanation-1: -deduction. The employer’s deposit of net pay in an employee’s personal bank account is known as. direct deposit.
Detailed explanation-2: -What information do you need for direct deposit? To set up direct deposit, businesses usually need to provide their employer identification number (EIN), financial statements, a completed application and a voided business check.
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