Verification of hours worked and pay accuracy is part of the ________.
A) Disbursement cycle
B) Accounts payable reconciliation
C) CEO's responsibility
D) Payroll review process

Question

Quizplus · Accepted Answer

Verification of hours worked and pay accuracy is part of the payroll review process, which ensures that employees are paid accurately and on time. The disbursement cycle involves actually paying employees, while accounts payable reconciliation involves reconciling accounts with vendors to ensure that the company has paid for all goods and services received. While the CEO may have overall responsibility for the company's finances, verifying hours worked and pay accuracy is generally handled by HR or payroll departments.

Verification of Hours Worked and Pay Accuracy Is Part of the ________