Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is incorrect?
A)The cashier does not have to authorize the transfer of funds from the organization's checking account to a payroll checking account.
B)The cashier does not have to sign employee paychecks.
C)Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited.
D)Employees who are part of a direct deposit program receive an employee earnings statement.

Question

Quizplus · Accepted Answer

The cashier must still authorize the transfer of funds from the organization's checking account to a payroll checking account, even with direct deposit.

Direct Deposit of Employee Paychecks Is One Way an Organization