Multiple Choice
The purpose of segregating the duties of hiring personnel and distributing payroll cheques is to separate the ________.
A) human resources function from the controllership function
B) administrative controls from the internal accounting controls
C) authorization of transactions from the custody of related assets
D) operational responsibility from the record-keeping responsibility
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Reconciling the open production cost reports to
Q2: A bill of materials is associated with
Q3: Which of the following procedures carried out
Q4: Only supervisors have physical custody of materials,equipment,and
Q6: Production accounting generates important information for management
Q7: Describe the major risk areas associated with
Q8: In the area of payroll,which of the
Q9: A test of the completeness objective is
Q10: The five functional responsibilities for the payroll
Q11: Tracing selected items from the payroll register