The Use of a Separate Payroll Bank Account Is Not

question 142

True/False

The use of a separate payroll bank account is not an advantageous control, because it creates more complexity in reconciliation functions for a company and invites theft.

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Definitions:

ActiveX Text Box

A component used in Microsoft environments allowing users to input text into a form or interface.

Record Macro Button

A feature in software applications that allows users to record a sequence of actions to automate repetitive tasks.

Form Controls

Interactive elements, such as buttons and drop-down lists, used in forms or spreadsheets to collect user input.

Check Box

A graphical user interface element that allows the user to make multiple selections from a number of options.