Multiple Choice
Why is a separate payroll account used to clear payroll checks?
A) for internal control purposes, to help limit any exposure to loss by the company
B) to make bank reconciliation easier
C) Banks don't like to commingle payroll and expense checks.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Describe benefits and threats of incentive and
Q3: For recording time spent on specific work
Q10: The sales department administrative assistant has been
Q17: Discuss the threat of unauthorized changes to
Q22: Falk Noam is the internal auditor for
Q30: Identify the firm below where employees' knowledge
Q33: Which of the following statements is false
Q54: Form 941<br>A)is filed each quarter to reconcile
Q70: When using electronic documents,_ increase(s)the accuracy of
Q81: Using financial incentives requires organizations to<br>A)pay employees