Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following control procedure minimises the risk of incorrect or unauthorised pay rates, hours or deduction tables being used: The wage clerk reconciles the difference

image text in transcribed
The following control procedure minimises the risk of incorrect or unauthorised pay rates, hours or deduction tables being used: The wage clerk reconciles the difference between the prior weeks' wages and the current weeks wages O wage packets are made up by two wage department members Pay packets and payroll is locked away until payout Wage payout must be conducted by at least two employees Payment and recording of supplier

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Artificial Intelligence In Accounting Organisational And Ethical Implications

Authors: Othmar M. Lehner, Carina Knoll

1st Edition

1032055626, 9781032055626

More Books

Students also viewed these Accounting questions

Question

Define evaluation and explain its role in HRD

Answered: 1 week ago

Question

Develop expertise as a facilitator of a training topic or module

Answered: 1 week ago