Which of the Following Controls Could Help to Prevent Unauthorized

question 56

Multiple Choice

Which of the following controls could help to prevent unauthorized overtime?

• A)review by payroll supervisor of a report that lists all employees whose wage rate does not match the permanent file
• B)print a gap report for all employees who have not submitted their time reports for the current pay period
• C)review by payroll supervisor of a report that lists all employees working more than the required hours per week
• D)have a calculation check for payroll calculations (gross pay less deductions = net pay)

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Definitions:

Income Summary

An account used temporarily during the closing process to aggregate all income and expense accounts before transferring their balances to the retained earnings account.

Current Assets

Assets that are expected to be converted into cash, sold, or used within a year, including cash, inventory, and receivables.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business, whichever is longer.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.