Which of the following is an important internal control over payroll?
A)Separating the duties of safeguarding property from record- keeping of property
B)Separating the duties of approving invoices from signing disbursement cheques
C)Separating the duties of the disbursement of pay cheques from the recording of payroll transactions in the ledger
D)Separating the duties of cash disbursement from bank reconciliations

Question

Quizplus · Accepted Answer

Separating the duties of disbursement of pay cheques from recording payroll transactions helps prevent fraud and errors by ensuring that no single individual has control over both the payment and recording processes.

Which of the Following Is an Important Internal Control Over