The Purpose of Segregating the Duties of Distributing Payroll Checks

question 22

Multiple Choice

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

• A)duties within the accounting function.
• B)custody of assets from the accounting for those assets.
• C)authorization of transactions from the custody of related assets.
• D)operational responsibility from record keeping responsibility.

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Definitions:

Immigrant

A person who comes to live permanently in a foreign country.

Legal Remedy

The means by which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Limited Warranty

A warranty that does not meet all of the requirements of a full warranty.

Full Warranty

A warranty under which a defective product will be repaired or replaced without charge.