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Identify five general ledger accounts that are likely to be affected by the payroll and personnel...

Identify five general ledger accounts that are likely to be affected by the payroll and personnel cycle in most audits.

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* The general ledgers that are affected depends upon the accounts title used (debited or credited) while recording payroll expenses.

FIve General Ledgers accounts that are likely to be affected include:
#1 Cash [or Cash in Bank] (because salaries and wages are paid out in cash)
#2 Accrued Wages, Salaries, Bonus/Commission account
#3 Accrued Payroll tax expense as these are accounted for at the time of recognising payroll expenses.
#4 Payroll Tax liability (that has been been or accrued)
#5 Withheld income taxes and accounts related to other payroll deductions.

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