_______ Generally Refer to Hourly Compensation Paid to Operating Employees

question 165

Short Answer

_______ generally refer to hourly compensation paid to operating employees, while _______ generally refers to a yearly amount that is to be paid to an employee.
Workers' compensation; salary
Salary; bonus
Bonus pay; salary
Salary; wages
Wages; salary

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Definitions:

Internal Control

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Separation Of Duties

is a preventive security measure in organizations to reduce the risk of fraud or error, requiring more than one person to complete key tasks.

Voucher System

A control mechanism in accounting that uses vouchers to record transactions and ensure expenditures are properly authorized.

Voucher System

A method in accounting used to authorize and document transactions, ensuring payments are made for authorized purchases only.