To Check the Accuracy of Hours Worked, an Auditor Would

question 39

Multiple Choice

To check the accuracy of hours worked, an auditor would ordinarily compare clock cards with:

• A) personnel records.
• B) job time tickets.
• C) labor variance reports.
• D) time recorded in the payroll register.

---

Definitions:

Liquidation Expenses

Costs incurred during the process of winding up a company, selling its assets, and distributing the proceeds to claimants.

Account Balances

The amount of money in an account, representing the net difference between credits and debits in financial accounting.

Maximum Amount

The highest possible quantity or value that can be achieved or allowed, often within a specific context or regulation.

Deficit Balance

A financial situation where liabilities exceed assets or expenses exceed income, leading to a negative balance.