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:

Consumerism

A grassroots movement started in the 1960s to increase the influence, power, and rights of consumers in dealing with institutions.

Ecological Code of Ethics

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An accounting framework that incorporates three dimensions of performance: social, environmental, and financial, to measure a company's sustainability and ethical impact.

Social Responsibility

The obligation of a company to act in ways that benefit society at large, beyond its own interests and legal requirements.