Good Internal Controls Over Payroll Would Include All of the Following

question 65

Multiple Choice

Good internal controls over payroll would include all of the following EXCEPT that:

• A)disbursement of pay cheques should be separate from the function of maintaining payroll records.
• B)cash receipts from customers should be separated from the accounting for accounts receivable.
• C)accounting for payroll should be separate from hiring and firing of employees.
• D)employees should clock in and out to insure accuracy of work hours.

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Definitions:

Three-phase

A system of three electrical currents or waves that are offset in phase by one-third of their cycle, commonly used in power systems for efficient electricity distribution.

NEMA

The National Electrical Manufacturers Association, which sets standards for electrical equipment.

Lead Wires

Conductors or cables that connect electrical or electronic components, allowing for the transfer of electrical signals or power.

Conduit Box

A protective enclosure attached to electric motors that houses and protects electrical connections.