Direct Deposit of Employee Paychecks Is One Way an Organization

question 36

Multiple Choice

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is incorrect?

• A)The cashier does not have to authorize the transfer of funds from the organization's checking account to a payroll checking account.
• B)The cashier does not have to sign employee paychecks.
• C)Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited.
• D)Employees who are part of a direct deposit program receive an employee earnings statement.

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