'Recorded Payroll Payments Are for Work Actually Performed by Non-

question 68

Multiple Choice

'Recorded payroll payments are for work actually performed by non- fictitious employees' is the transaction- related audit objective for payroll of:

• A) accuracy.
• B) completeness.
• C) existence.
• D) authorisation.

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Definitions:

Equilibrium Constant

A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium, specific for a given reaction at a given temperature.

Gibbs Free Energy

A thermodynamic quantity used to predict the feasibility of a reaction at constant temperature and pressure.

PKa Values

Quantitative measures that describe the acidity of a compound, representing the negative log of the acid dissociation constant (Ka).

Equilibrium Constant

A numerical value that represents the ratio of concentrations of products to reactants at equilibrium in a reversible chemical reaction.