Following Is the Result of Batch Control Totals on Employee

question 12

Multiple Choice

Following is the result of batch control totals on employee Social Security numbers in a payroll processing transaction: The difference in the control totals is 720,000.Which data entry control would best prevent similar data entry errors in the future?

• A) Modules 11
• B) validity check
• C) check digit
• D) sequence check

Analyze progress in poverty reduction in specific regions of the world.

Understand the process and importance of recording advance ticket sales and earned revenue from ticket sales.

Gain knowledge in preparing payroll and related journal entries, including computing employee earnings and deductions.

Learn how to calculate employer payroll taxes and other related employer expenses.

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Definitions:

After-Tax Cash Flow

After-tax cash flow is the net cash flow generated from business activities after accounting for taxes, indicating the actual cash a company has on hand after tax obligations.

Capital Asset

A long-term asset that is not purchased or sold in the normal course of business but is used to generate wealth through investment or appreciation.

Tax Rate

The percentage at which an individual or corporation is taxed; the tax liability as a percentage of annual income.

Terminal Value Assumptions

The assumptions made about the value of a business or project beyond the forecast period when estimating its future cash flows for valuation purposes.