For proper control, unclaimed payroll chequshould be stored by the:

Question

Quizplus · Accepted Answer

Unclaimed payroll cheques should be stored by the finance department as it is responsible for the overall financial management of the organization, including payroll processing and ensuring that proper accounting records are maintained. The finance department should have appropriate controls in place to safeguard unclaimed paycheques and ensure that they are eventually reissued to the correct employee or handled according to the organization's policies and procedures. The payroll department may be responsible for the initial processing of paycheques, but it is the finance department's role to ensure that they are properly accounted for and managed. The personnel and timekeeping departments are not typically involved in the storage or management of unclaimed paycheques.

For Proper Control, Unclaimed Payroll Chequshould Be Stored by The