Examlex
Which of these is not a category of application controls?
Biweekly Salaries
A payment schedule for employees where wages are paid every two weeks, resulting in 26 pay periods in a year.
Adjusting Entry
An update to the books of accounts to allocate incomes and expenses to the appropriate accounting period.
Fiscal Period
Refers to any period used for accounting purposes, typically a year, which can either align with the calendar year or be a different 12-month period.
Insurance
A financial product sold by insurance companies to safeguard against financial losses from specific risks, such as accidents, theft, or natural disasters.
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