Multiple Choice
Effective control over the cash payroll function would mandate which of the following?
A) The payroll clerk should fill the envelopes with cash and include a computation of the net wages.
B) The paymaster should be retain unclaimed payroll envelopes.
C) Each employee should be asked to sign a receipt for wages received.
D) A separate checking account for payroll should be maintained.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: _ and _ can cause "unmatched" invoices
Q11: Which of the following client control activities
Q12: A list of all purchases might exist
Q13: After checks are signed for vendor invoices,
Q14: When verifying debits to the perpetual inventory
Q16: The permanent reference files (master files) in
Q17: The inherent risk that accounts payable may
Q18: In a test of controls, auditors may
Q19: When auditing liabilities account balances, auditors are
Q20: When confirming accounts payable, emphasis should be