For the Payroll Register Below,all the Following Processing Controls Would

question 58

Multiple Choice

For the payroll register below,all the following processing controls would be useful except

• A)Concurrent update control.
• B)Cross-footing balance test.
• C)Mathematical accuracy test.
• D)Hash total on Employee No.

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Definitions:

Discount

A reduction from the usual cost of something or the act of lowering the price.

Premium

The amount by which the price of something, especially a financial instrument, exceeds its principal or face value.

Unamortized Premium

The portion of the bond premium that has not yet been expensed to interest expense over the bond's life.

Redemption

The process of paying off or buying back something, such as repaying a bond at maturity or reclaiming ownership rights by paying a specific amount.