In Preparing Payroll Checks, the Computer Omitted 24 of a Total

question 47

Multiple Choice

In preparing payroll checks, the computer omitted 24 of a total of 2,408 checks which should have been processed.The error was not detected until the supervisor distributed the checks.The best control procedure would be:

• A)A parity check
• B)A module N check
• C)Control totals
• D)Desk checking

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Definitions:

Reinvest

To allocate earnings or profits back into a business, venture, or asset to potentially achieve further growth or gains.

Domestic Corporation

A corporation located in the state in which it is incorporated.

Incorporated

A legal status indicating that a company has been registered under corporate laws and is recognized as a distinct legal entity separate from its owners.

Principal Place Of Business

The primary location where a business's executive offices and operations are conducted.