Which of the Following Is TRUE of Good Internal Controls

question 128

Multiple Choice

Which of the following is TRUE of good internal controls over payroll?

• A) Accounting for payroll should be separate from hiring and firing of employees.
• B) Disbursement of paychecks should not be separate from the function of maintaining payroll records.
• C) Hiring and firing employees should not be separated from accounting and from disbursing paychecks.
• D) Cash receipts from customers should be separated from the accounting for accounts receivable.

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Definitions:

Acromion Process

A bony prominence on the scapula (shoulder blade), forming the highest point of the shoulder and connecting with the collarbone.

Articulation

The point where two bones meet or connect, allowing for varying degrees of movement or stability.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, also known as the collarbone.

Shoulder Blade

The shoulder blade, or scapula, is a large, flat bone located on the back portion of the ribcage that connects the humerus (upper arm bone) with the clavicle (collarbone) and provides attachment points for muscles of the shoulder and back.