Question

Where does the responsibility lie for reconciling the labor distribution summary and the payroll disbursement voucher?

1) cash disbursements
2) cost accounting
3) personnel
4) general ledger

Answer 1

The responsibility lies with cost accounting to reconcile the labor distribution summary and the payroll disbursement voucher.

Step-by-step explanation:

The responsibility for reconciling the labor distribution summary and the payroll disbursement voucher lies with cost accounting. Cost accounting is responsible for ensuring that the costs associated with labor are accurately recorded and allocated to the appropriate accounts.

Cost accounting professionals analyze and reconcile the labor distribution summary and the payroll disbursement voucher to ensure that the information is consistent and accurate. They also make adjustments and corrections as needed.

By reconciling these two documents, the cost accounting team ensures that the labor costs are accurately reflected in the general ledger and that the personnel costs are correctly allocated and accounted for.