The Main Difference Between the Payroll and Personnel Cycle and Other

question 26

Multiple Choice

The main difference between the payroll and personnel cycle and other cycles is:

• A) transactions are more significant than related balance sheet accounts.
• B) there is only one class of transactions.
• C) internal controls for payroll are effective for most companies.
• D) all of the above

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Definitions:

Intoxication

The condition of having physical or mental control impaired by the consumption of alcohol or drugs.

Substance

Naturally occurring or synthetically produced product that alters perceptions, thoughts, emotions, and behaviors when ingested, smoked, or injected.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or dependence.

Harmful Consequences

Negative outcomes or damages resulting from an action, decision, or event.