This Record, Prepared by the Cash Disbursements Department, Provides a Listing

question 66

Multiple Choice

This record, prepared by the cash disbursements department, provides a listing of all paychecks written, in check-number sequence, with the total supporting the amount of payroll funds to transfer to the payroll bank account.

• A)Payroll Disbursements Journal
• B)Payroll Register
• C)Payroll Journal
• D)Cash Disbursements Journal

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Definitions:

Money Orders

A financial instrument, purchased for a specific amount of money, that is used for making payments from one party to another.

Internal Control System

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Reliable Accounting

An accounting approach that emphasizes accuracy, verifiability, and impartiality in financial reporting.

Guarantee

A formal assurance, typically provided by the seller, that certain conditions, such as product quality or performance, will be met.