Why Would a Company Use a Separate Payroll Cash Account

question 96

Multiple Choice

Why would a company use a separate payroll cash account?

• A) Provides for better internal control
• B) Ease of account reconciliation
• C) Determine whether or not the employee has cashed their check
• D) All of the above are correct.

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Definitions:

Creativity

The ability to produce original and valuable ideas or solutions to problems.

Organizations

Formal structures that consist of individuals working together to achieve shared goals through a division of labor and a hierarchy of authority.

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A stage of play in child development where children play in groups, sharing materials and interacting, but not organizing their play towards a common goal.

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Educational sessions focused on teaching various forms of art, such as painting, drawing, or sculpture, often aimed at developing creativity and technical skills.