Which internal control is not an important part of the payroll system?
A) Supervisors verify the accuracy of employee time cards.
B) Paychecks are distributed by an independent paymaster.
C) Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting.
D) General ledger reconciles the labor distribution summary and the payroll disbursement voucher.
Correct Answer:
Verified
Q22: The payroll department is responsible for both
Q23: Which transaction is not processed in the
Q24: The document that captures the total amount
Q25: The paymaster distributes paychecks to work center
Q26: Which control is not a part of
Q28: Depreciation
A)is calculated by the department that uses
Q29: In the payroll subsystem,which function should distribute
Q30: An important reconciliation in the payroll system
Q31: Depreciation records include all of the following
Q32: When fixed assets are received,the receiving clerk
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