Examlex
Which of the following is correct?
Time Card
A record of the hours worked by an employee, used to calculate payroll and ensure compliance with labor laws.
Internal Control
Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Payroll Bank Account
A designated bank account used exclusively for processing payroll transactions and managing salary disbursements.
Quick Ratio
A measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.
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