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Unformatted text preview: Gross pay The total earnings of an employee for an employee for a payroll period. Net pay Gross pay less payroll deductions; the amount the employer is obligated to pay the employee. Payroll The total amount paid to employees for a certain period. Payroll register A multicolumn report used to assemble and summarize payroll data at the end of each payroll period. Pension A cash payment to retired employees. Quick assets Cash and other current assets that can be quickly converted to cash, such as marketable securities and receivables. Quick ratio A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable)....
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This note was uploaded on 10/05/2010 for the course ACCOUNTING n/a taught by Professor N/a during the Summer '09 term at Kaplan University.
- Summer '09