Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Where does the responsibility lie for reconciling the labor distribution su the payroll disbursement voucher? a. cash disbursements b. cost accounting c. personnel d. general

image text in transcribed
Where does the responsibility lie for reconciling the labor distribution su the payroll disbursement voucher? a. cash disbursements b. cost accounting c. personnel d. general ledger 15. Which of the following statements is not true? a. Routine payroll processing begins with the submission of time cards. D. Payroll clerks must verify the hours reported on the time cards. c. Payroll reconciles personnel action forms with time cards and prepares paychecks. d. Cash disbursements signs paychecks and forwards them to the paymaster for distribution. 16. Which department is responsible for approving changes in pay rates for employees? a. payroll b. treasurer c. personnel d. cash disbursements 17. Which of the following situations represents an internal control weakness? a. Timekeeping is independent of the payroll department. b. Paychecks are distributed by the employees' immediate supervisor. c. Time cards are reconciled with job tickets. d. Personnel is responsible for updating employee records, including creation of records for new hires

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

Corporate Assessment Auditing A Company Personality

Authors: Adrian Furnham, Barrie Gunter

1st Edition

1138887641, 978-1138887640

More Books

Students also viewed these Accounting questions

Question

What methods can be used for choosing teacher representation?

Answered: 1 week ago

Question

Approaches to Managing Organizations

Answered: 1 week ago

Question

Communicating Organizational Culture

Answered: 1 week ago