Although it is uncommon, some companies maintain separate checking accounts that are used for payroll transactions.
Correct Answer:
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Q109: Payroll information includes personal information about employees,
Q110: Strong internal controls are just as important
Q111: It is common that personnel related expenses
Q112: The investment in fixed assets is often
Q113: Before the paychecks are sent to management
Q115: An alternative to batch processing is the
Q116: Accounting software is available to assist with
Q117: Preparing payroll manually is extremely time consuming
Q118: Because of the infrequency of payroll processing
Q119: When an organization uses a separate checking
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