It Would Be Appropriate for the Payroll Accounting Department to Be

question 39

Multiple Choice

It would be appropriate for the payroll accounting department to be responsible for which of the following functions?

• A)Approval of employee time records
• B)Maintenance of records of employment, discharges, and pay increases
• C)Preparation of periodic governmental reports as to employees' earnings and withholding taxes
• D)Distribution of paycheques to employees

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Definitions:

Enterprise Fund

A fund used by a government to account for operations financed by user charges for services provided by the government.

Internal Service Fund

A fund used within governmental accounting to manage the costs and financing of services provided by one department to other departments on a cost-reimbursement basis.

General Fund

The primary operating fund of a governmental entity, covering most basic services like police, fire, sanitation, and general administration.

Capital Projects Fund

Capital Projects Fund is a type of government accounting fund used to track the financial resources used for the acquisition and construction of major capital assets.