The Objectives of Internal Accounting Control for Payrolls Are (A)

question 42

True/False

The objectives of internal accounting control for payrolls are (a) to safeguard company assets from unauthorized payments of payrolls and (b) to assure accuracy and reliability of the accounting records pertaining to payroll.

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Definitions:

Random Sample

A subset of a population selected through a method where every individual has an equal chance of being chosen, ensuring the representativeness of the sample.

Target Population

The entire group of individuals or instances about whom the research is focused and to whom the researcher wishes to generalize the study findings.

Systematic Bias

A consistent and predictable error introduced into sampling or testing by selecting or encouraging one outcome or answer over others.

Biased Sample

A sample that does not accurately reflect the population from which it was drawn, often due to overrepresentation or underrepresentation of certain groups.