Describe the two economic events that occur for payroll procedures
The Get Time event captures the daily time-giving instances of employees through a time-keeping mechanism, such as an electronic time clock. For salaried employees the time-capturing process may simply involve the passage of time.
The Disburse Cash event is the give half of the economic exchange and involves distributing cash to an employee (the external agent) for services rendered. The payroll clerk (internal agent) participates in this event, which reduces the cash resource.
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