When Developing the Internal Controls and Record Retention for a Payroll

question 6

Multiple Choice

When developing the internal controls and record retention for a payroll system, a company should:

• A)Designate a single employee with the responsibility for pay disbursements.
• B)Involve all company employees to promote transparency.
• C)Train accounting personnel on a single payroll task.
• D)Develop a closed system and alternate employee duties.

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Definitions:

Cellulose

Cellulose is a complex carbohydrate that serves as a primary structural component of plant cell walls, providing rigidity and resistance to mechanical stress.

Plant Cells

The basic structural and functional units of plants, characterized by a rigid cell wall, chloroplasts, and a large central vacuole.

Structural Component

An essential part of a structure or system that contributes to its stability and integrity.

Thermal Insulation

Material or methodology that reduces the transfer of heat between objects or environments, commonly used in building construction and clothing to retain warmth.