Possible Misstatements Related to the Occurrence Assertion for Payroll Transactions

question 8

Multiple Choice

Possible misstatements related to the occurrence assertion for payroll transactions include all of the following except:

• A)payments to fictitious employees.
• B)payments to terminated employees.
• C)payments to valid employees who have not worked.
• D)payments to valid employees at a rate in excess of the authorised amount.

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Definitions:

Atoms

The smallest units of matter, consisting of a nucleus surrounded by electrons, which form the basic building blocks of all chemical elements.

Created

Brought into existence; something made or produced by human or artistic effort.

Idealism

The metaphysical view that the mind and its ideas are the ultimate reality.

Existence

The state or fact of being, especially of being real, actual, or alive in any form or context.