Which of the Following Situations Represents a Serious Control Weakness

question 41

Multiple Choice

Which of the following situations represents a serious control weakness?

• A) Timekeeping is independent of the payroll department.
• B) Paychecks are distributed by the employees' immediate supervisor.
• C) Time cards are reconciled with job tickets.
• D) Personnel is responsible for updating employee records,including creation of records for new hires.

Acknowledge the importance of emotional intelligence in digital communications.

Understand the principles of effective document and presentation design.

Recognize the importance of audience expectations in business writing and presentations.

Identify strategies for emphasizing and deemphasizing points in documents and presentations.

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Definitions:

Correcting Entry

A correcting entry in accounting is a journal entry made to amend a previously recorded error in the financial statements.

Special Journal

A special journal is an accounting journal dedicated to recording transactions of a similar type, improving efficiency and organization.

General Journal

A comprehensive record where all financial transactions of a business are initially recorded.

Sales Journal

A specialized journal used to record and track all sales of merchandise on credit, detailing each sale's customer name, date, and amount.