Effective Control Over the Cash Payroll Function Would Mandate Which

question 15

Multiple Choice

Effective control over the cash payroll function would mandate which of the following?

• A)The payroll clerk should fill the envelopes with cash and include a computation of the net wages.
• B)The paymaster should be retain unclaimed payroll envelopes.
• C)Each employee should be asked to sign a receipt for wages received.
• D)A separate checking account for payroll should be maintained.

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Definitions:

Democratic Republicans

A political party in the early United States, led by Thomas Jefferson and James Madison, advocating for states' rights and a strict interpretation of the Constitution.

Treaty of Greenville

An agreement signed in 1795 between the United States and Native American tribes, marking the end of the Northwest Indian War and ceding much of present-day Ohio to the U.S.

American Republicanism

A political ideology centered on liberty, civic virtue, and the principles of governance as established by the U.S. Constitution and founding fathers.

Louisiana Purchase

The 1803 acquisition of French territory by the United States, doubling the size of the country.