Identify three internal controls designed to safeguard payroll cash.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Three internal controls designed to safeguard payroll cash are 1 ...View the full answer
Answered By
Qurat Ul Ain
Successful writing is about matching great style with top content. As an experienced freelance writer specialising in article writing and ghostwriting, I can provide you with that perfect combination, adapted to suit your needs.
I have written articles on subjects including history, management, and finance. Much of my work is ghost-writing, so I am used to adapting to someone else's preferred style and tone. I have post-graduate qualifications in history, teaching, and social science, as well as a management diploma, and so am well equipped to research and write in these areas.
4.80+
265+ Reviews
421+ Question Solved
Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
Question Posted:
Students also viewed these Cost Accounting questions
-
What are internal controls designed to do?
-
Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. Requirements 1. Which...
-
Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate records. Which objective is most important?...
-
A population consists of the following N = 5 scores: 0, 6, 4, 3, and 12. a. Compute m and for the population. b. Find the z-score for each score in the population. c. Transform the original...
-
Segment Reporting'Theory Presented below is an excerpt from the financial statements of H. J. Heinz Company. Segment and Geographic Data the company is engaged principally in one line of...
-
Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time...
-
For the scaling numbers \[\begin{aligned}& \alpha_{1}=\frac{1+\sqrt{3}}{4 \sqrt{2}} \\& \alpha_{2}=\frac{3+\sqrt{3}}{4 \sqrt{2}} \\& \alpha_{3}=\frac{3-\sqrt{3}}{4 \sqrt{2}} \\&...
-
KenCor Pizza Emporium produces frozen pizzas for sale to grocery stores. The company has built a strong reputation for high-quality pizzas and has been profitable for a number of years. Because of...
-
Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash Supplies $10,500 31,500 Prepaid Rent 22,500...
-
Use the following information to prepare for the assignment. Use the information to fill out a 2007 income tax form-federal and provincial (Ontario). Mitchell is single, lives in a rented apartment....
-
Briefly describe the two principal types of internal controls over payroll.
-
Why is a customer deposit a liability? Give an example.
-
Fugate Company manufactures expensive watch cases sold as souvenirs. Three of its sales departments are: Retail Sales, Wholesale Sales, and Outlet Sales. The Retail Sales Department is a profit...
-
How does the Fed get its independence? Why might central bank independence be beneficial for monetary policy? What is the tension created by an independent central bank in a democratic political...
-
If the yield on a 10year Treasury note is 3.5 percent and the marginal tax rate facing an investor is 30 percent, what is the expected yield on a muni of that maturity if that security has the same...
-
Is a letter of credit (L/C) a money market or a capital market instrument? How do L/Cs deal with asymmetric information? What types of transactions are involved? What is the role of commercial banks...
-
What is meant by an asset bubble? Is the presence of a bubble consistent with the efficient markets hypothesis?
-
What is an efficient financial market? A random walk? Does the evidence, on balance, favor market efficiency? Random walks?
-
A columnist on forbes.com offered the following advice to retailers practicing price discrimination: Consumers dont much like the idea of other people getting better deals than are offered to them,...
-
What is the shape of the exponential distribution?
-
Identify whether each of the following accounts would be considered a permanent account (yes/ no) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained...
-
Identify whether each of the following accounts are nominal/temporary or real/permanent. A. Rent Expense B. Unearned Service Fee Revenue C. Interest Revenue D. Accounts Payable
-
On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of $400 per board. The cost to Bates is $140 per board. The terms of the sale are 3/15, n/30, with an...
-
Calendar Plc have a year end of 30/09/X2. They have prepared the following information about their non-current assets: Land was revalued to 4.2 million on 28/09/X2 All buildings are depreciated using...
-
Antique Accents reported the following on its 2020 income statement. Using the income statement and the balance sheet given below, prepare the statement of cash flows using the indirect method. For...
-
Jamal, Maggie, and Kendra are dividing an estate consisting of a house, a vacation home, and a small business. Their valuations are shown below. Determine the payment that Kendra receives from the...
Study smarter with the SolutionInn App