Most payroll systems for mid-size firms use real-time data processing.
Correct Answer:
Verified
Q2: Work-in-process records are updated by payroll personnel.
Q5: Time cards are used by cost accounting
Q6: The personnel department authorizes changes in employee
Q7: Ideally,payroll checks are written on a special
Q8: The depreciation schedule shows when assets are
Q9: Authorization to dispose of fixed assets should
Q10: Inventory control performs the formal record keeping
Q15: To improve internal control,paychecks should be distributed
Q18: Timekeeping is part of the personnel function.
Q19: Payroll processing can be automated easily because
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents