Internal Control Over Payroll Is Enhanced When the Personnel Department

question 41

True/False

Internal control over payroll is enhanced when the personnel department distributes payroll checks.

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Definitions:

Consideration

The value (such as money, services, or goods) that is promised in a contract to be exchanged to make the contract legally binding.

Subsequent Transferees

Individuals or entities that receive property rights or interests from previous holders through a legal process of transfer.

Authentic

Genuine, original, and not a copy or imitation; true and accurate.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.