The Purpose of Segregating the Duties of Distributing Payroll Checks

question 33

Multiple Choice

The purpose of segregating the duties of distributing payroll checks and hiring personnel is to:

• A)Separate the custody of assets from the accounting for those assets.
• B)Establish clear lines of authority and responsibility.
• C)Separate duties within the accounting function.
• D)Separate the authorization of transactions from the custody of related assets.

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Definitions:

Junior High

Refers to an educational level or institution that typically serves students between the sixth or seventh grades and the eighth or ninth grades, often considered a transitional period between elementary and high school.

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Concerns and conflicts related to how individuals perceive and define their racial or ethnic identity.

Social Participation

The involvement of individuals in activities and engagements within their community or society, contributing to communal life and decision-making.

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The organization of students into different classes, tracks, or groups based on ability, achievement, or interests within educational institutions.