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:

Morality Standards

Principles or norms concerning the distinction between right and wrong or good and bad behavior.

Turnover Process

The mechanism by which employees leave an organization and are replaced by new staff, impacting workforce stability.

A Shock

A sudden and unexpected event that disrupts the stability or continuity of a system, often prompting significant changes or adaptations.

Organizational Alienation

A state wherein employees feel estranged or disconnected from their work and the organization, often leading to a lack of engagement and productivity.