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Which of the Following Internal Controls Would Assist in Ensuring

question 37

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Which of the following internal controls would assist in ensuring that recorded payroll transactions are for the amount of time actually worked and at the proper pay rate,and that withholdings are properly calculated?


Definitions:

Enforceable Oral Contract

A verbal agreement that is legally binding and can be enforced in a court of law, under certain conditions.

Assets

Resources with economic value owned by an individual, company, or country, expected to provide future benefits.

Standard Construction Rule

In legal interpretation, this rule dictates that ambiguous contract terms should be construed against the drafter.

Prewritten Contract

A standardized legal document with set terms and language used in similar transactions, which is not specifically tailored to the needs of the parties involved in a particular deal.

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