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.

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Definitions:

Mutually Beneficial

A term describing agreements or situations that provide advantages or gains to all parties involved.

Production Possibilities

outlines the different combinations of goods and services that an economy can produce, given its available resources and technology.

Autos

Short for automobiles, referring to motor vehicles designed for transporting passengers on roads.

Comparative Advantage

The ability of an individual or group to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.