Internal Control Activities Within the Payroll Process, Identified as Independent

question 39

Multiple Choice

Internal control activities within the payroll process, identified as independent checks and reconciliations, would include which of the following?

• A)IT controls over computer records and physical controls in records storage area.
• B)Time sheets reconciled with the payroll register.
• C)The payroll register is checked for mathematical accuracy and agreement with authorized pay rates and deductions.
• D)Supervisor approves time sheets prior to preparation of payroll documents.

---

Definitions:

Cash

Money in the form of currency that is available for immediate use by a company for transactions, payments, and other financial activities.

T-Account

A visual representation used in accounting to depict the debit and credit sides of individual accounts.

Debit

A debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account, and is reflected on the left-hand side of an accounting ledger.

Liability Accounts

Accounts on a company's balance sheet that represent amounts owed to creditors, including loans, accounts payable, and other financial obligations.