Why would an organization require the paymaster to deliver all unclaimed paychecks to the internal audit department?
A) to detect a "phantom employee" for whom a check was produced
B) to prevent an absent employee's check from being lost
C) to avoid paying absent employees for payday
D) to prevent the paymaster from cashing unclaimed checks
Correct Answer:
Verified
Q45: The payroll department performs all of the
Q46: Asset disposal
A)occurs as soon as an asset
Q47: Depreciation
A)assures that assets are reported at fair
Q48: Payroll uses time card data to do
Q49: Asset maintenance involves
A)the recording of periodic depreciation
B)adjusting
Q51: The fixed asset system is similar to
Q52: The payroll department performs all of the
Q53: Personnel action forms are used to do
Q54: Accounts payable
A)signs paychecks
B)prepares the payroll voucher
C)reconciles time
Q55: All of the following are processed by
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