Multiple Choice
Which of the following statements is not true?
A) Routine payroll processing begins with the submission of time cards.
B) Payroll clerks must verify the hours reported on the time cards.
C) Payroll reconciles personnel action forms with time cards and prepares paychecks.
D) Cash disbursements signs paychecks and forwards them to the paymaster for distribution.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: Employee paychecks should be drawn against a
Q73: Time cards capture the total time an
Q74: Describe an internal control that would prevent
Q75: Asset maintenance involves only the recording of
Q76: Which control is not a part of
Q78: What is a personnel action form?
Q79: Which transaction is not processed in the
Q80: The payroll department performs all of the
Q81: To improve internal control,paychecks should be distributed
Q82: What is recorded by the asset maintenance