Which of the Following Is an Important Internal Control Over

question 46

Multiple Choice

Which of the following is an important internal control over payroll?

• A) Separating the duties of the disbursement of paychecks from the recording of payroll transactions in the ledger
• B) Separating the duties of safeguarding property from record-keeping of property
• C) Separating the duties of approving invoices from signing disbursement checks
• D) Separating the duties of cash disbursement from bank reconciliations

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Definitions:

Designer Brand

A brand associated with a recognized fashion designer, known for high-quality, stylish products often at a higher price point due to brand prestige.

Breadth of Product Line

The variety and range of products a company offers within its portfolio.

Variety

Refers to the range or assortment of products and services available to consumers within a market.

Depth of Product Line

The range of product items offered within a particular category, reflecting the variety and specialization of products.