At Your Place of Employment, Which of the Following Is

question 98

Multiple Choice

At your place of employment, which of the following is acceptable?

• A)Inclusion of your social insurance number as your employee identity
• B)Inclusion of your social insurance number on your payroll registry in the accounting office
• C)Inclusion of your social insurance number on your pay cheque
• D)All of the above are acceptable

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Definitions:

Write Off

The accounting action of declaring that an asset is partially or completely worthless.

Factored Accounts Receivable

The process of selling accounts receivable to a third party at a discount to quickly generate cash and reduce risk of non-payment.

Commission

A fee paid for services, usually a percentage of the total cost, to an agent or employee for facilitating or completing a sale.