Category Archives: Payrolls Interview Questions

What are the benefits achieved by computerized payroll system? | Payrolls Questions

While doing payroll through payroll packages / any othercalculated exel sheets we will get the appropriate data of salary payout / income tax payable & deductable values / statutory deductions particulars / Professional Taxdeductable & payable values. Rounded off values … Continue reading

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What are Payroll source documents? | Payrolls Questions

The Payroll source documents are the employee Time Sheets (or equivalent) that record when the employee worked and generally what they did. These records are subject to audit by the Labor Department, EEOC and probably others that I haven’t encountered. … Continue reading

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How to define payroll? | Payrolls Questions

Payroll means processing a salary for salaried employee. There should be relation of “contract of service”.

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How can scope of internal audit help you? | Payrolls Questions

Internal audit is an independent appraisal function which is established by the management of an organization for the review of its internal control system as a service to the organization. To learn about the scope of internal audit.

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What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept? | Payrolls Questions

When preparing the payroll every month the accounts dept should be provided with the information such as status of the employee as if he is a permanent or on contract or in probation attendance and if there are any bonus … Continue reading

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What do you mean by vouching? | Payrolls Questions

Vouching is the process of checking the authentication of the voucher maintain by the management with the respective supporting document.

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What is payroll? | Payrolls Questions

The term ‘payroll’ encompasses every employee of a company who receives a regular wage or other compensation. Some employees may be paid a steady salary while others are paid for hours worked or the number of items produced. All of … Continue reading

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Define computerized payroll system and what are basic concepts of it? | Payrolls Questions

Basic concept of computerized payroll system are personneldata file with name, date of joining, scales, basic pay, DA, HRA, conveyance, medical, entertainment, claims, special pay and leave records month wise and system generates monthly payslips for each employee according to … Continue reading

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