True/False
While most cycles include at least two classes of transactions, the payroll and personnel cycle includes only one class of transactions.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Auditors should determine whether the client has
Q22: The most important means of verifying account
Q23: The auditor _ rely on the internal
Q24: On most audits, the calculation for payroll
Q25: Which of the following statements about the
Q27: Imprest accounts usually carry a significant balance.
Q28: The primary purpose of a surprise payroll
Q29: Payroll checks should be distributed by someone
Q30: Which of the following is a substantive
Q31: The human resources department is considered to