Which Entity Is Most Likely to Be Part of the Payroll

question 56

Multiple Choice

Which entity is most likely to be part of the payroll cycle,expenditure cycle,and the revenue cycle?

• A)Customer.
• B)Cash.
• C)Supplier.
• D)Inventory.

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Definitions:

Co-insurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the losses to the extent of a specified percentage.

Fireproof

A characteristic of materials or structures that are resistant to fire and are able to withstand high temperatures without catching fire or sustaining significant damage.

Insured

A person or entity covered by an insurance policy receiving financial protection or reimbursement against losses from an insurance company.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.