In the Area of Payroll,which of the Following Procedures Represents

question 8

Multiple Choice

In the area of payroll,which of the following procedures represents proper control over the custody of assets?

• A)The supervisor receives a copy of the payroll register for a chance to approve the payroll after it is completed.
• B)Individual paycheques are prepared.
• C)Unclaimed payroll cheques are held in the office of the chief financial officer.
• D)Signatures from employees are obtained for calculation of deductions.

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Definitions:

Independent Contractor

An individual or entity hired to perform work for another entity as a non-employee, responsible for their own taxes and often their own tools and work schedule.

Franchisee

is an individual or company that has been granted the right by a franchisor to carry out a commercial enterprise under the franchisor's brand and system.

Assembly Line Worker

An individual employed in a manufacturing process where a product is assembled incrementally by workers stationed at fixed points.

Misrepresent

To provide false or misleading statements, especially with the intention to deceive.