Which of the Following Payroll Control Activities Would Most Effectively

question 2

Multiple Choice

Which of the following payroll control activities would most effectively ensure that payment is made only for work performed?

• A)Require all employees to record arrival and departure by using the time clock.
• B)Have a payroll clerk recalculate all time cards.
• C)Require all employees to sign their time cards.
• D)Require employees to have their direct supervisors approve their time cards.

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Definitions:

Partnership

A formal business enterprise where multiple individuals collaborate in management and profit distribution.

Cost Method

An accounting method where investments are recorded at their original purchase cost, without adjustment for increases or decreases in market value.

Liquidated

Liquidated refers to the process of converting assets into cash, often associated with dissolving a company or selling off its assets to pay off debts.

Trading Securities

Financial instruments that are purchased with the intention of selling them in the near term to profit from their price movements.