When Processing Weekly Payroll,an Employee Accidentally Entered 400 for Hours

question 46

Multiple Choice

When processing weekly payroll,an employee accidentally entered 400 for hours worked.The best data entry control for this error would be

• A) a limit check.
• B) a check digit.
• C) batch total reconciliation.
• D) a field check.

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Definitions:

Disposal

The act of getting rid of something, especially by throwing it away or by selling or giving it to someone.

Guaranteed Payment

Payments made to a partnership's partner that are guaranteed without regard to the partnership's income.

Partnership Basis

The amount invested in a partnership by each partner, including cash, property, and the partner's share of partnership debt.

Ordinary Income

Income earned from providing services or the sale of goods, taxed at standard rates.