Question: the main reasonfor using a separate payroll bank account is to: a)safeguard cash by limiting paycheques to amounts based on timecards b)safeguard cash by preventing

the main reasonfor using a separate payroll bank account is to:

a)safeguard cash by limiting paycheques to amounts based on timecards

b)safeguard cash by preventing the writing of payroll cheques to fictitious employees

c)increase efficiency by isolating payroll disbursements for analysis and control

d)all of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

for the system shown below, design the complete oc protection using the idmt relays. thus, decide the ct ratios, the plug settings and the tms at all locations. 115 A 1500 A 6000 A 80 A 1000 A 77 A...

Q:

The main reason for using a separate payroll bank account is to (p.465) a. Safeguard cash by avoiding writing payroll checks to fictitious employees b. Safeguard cash by limiting paychecks to amounts...

Q:

the main reason for using a separate payroll bank account is to: select one: 1- safeguard cash by limiting paycheques to amounts based on time cards 2-safeguard cash by preventing the writing of...

Q:

The main reason for using a separate payroll bank account is to: Select one: a. Safeguard cash by limiting paycheques to amounts based on time cards. b. Safeguard cash by preventing the writing of...

Q:

8. The main reason for using a separate payroll bank account is to (p. 576) a. Safeguard cash by preventing the writing of payroll cheques to fictitious employees b. Safeguard cash by limiting...

Q:

accounting BF20 ACCOUNTING FUNDAMENTALS 2 Part 1 Fill in the blanks. Write your answers next to the item number. Choose your answers from the box below . 1 A $11,000, 10 percent, one-year note...

Q:

12. The internal control feature that is specific to petty cash is: A) The imprest system. B) Assignment of responsibilities. C) Separation of duties. D) Proper authorization. 13. The function of the...

Q:

1. The design of an accounting system begins with the: A) Previous year's financial statements B) Chart of accounts C) Use of a firewall D) Opening trial balance 2. Every transaction recorded in the...

Q:

1. Special journals help most by: Select one: a. Improving accuracy in posting to subsidiary ledgers b. Reducing the cost of operating the accounting system c. Easing the preparation of the financial...

Q:

What control function is performed by auditors? Select one: a. Guarantee that company employees have behaved ethically. b. Assurance that all transactions are accounted for correctly. c. Objective...

Q:

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Q:

The nonlinear system x21 10x1 + x22 + 8 = 0, x1x22 + x1 10x2 + 8 = 0 can be transformed into the fixed-point problem a. Use Theorem 10.6 to show that G = (g1, g2)t mapping D R2 into R2 has a unique...

Q:

The factory is specifically producing two types of butter: salted and unsalted. The salted butter is sold using brand name Tetote (which means salted in Maori language) at $11 per unit and the...

Q:

It is important to have flexible time frames in grievance policies. This assists with all parties having the time and opportunity necessary to fully explore the issues and make competent decisions...

Q:

1. In each part, determine whether the given limit exists or not and evaluate the limit if it exists. (a) (10p) lim (x,y)(0,0) x6 + y2"

Q:

m. NH2 1. NaNO2, HCI 2. H3PO2, H20 n. NH2 1. NaNO2, HCI 2. N,N-dietilanitlin, HO disth daniline NO2

Q:

Sort the following compounds according to their acidity from large to small and briefly explain the reason. ksaca aklayinz. F F a) b) c) d) HO. F F

Q:

2).Six Sigma and Process Capability Alcor Inc. has been producing steel sticks since a long time ago. They produce sticks with a target length of 18 cm. The Upper Tolerance Limit (UTL) is 18.3 cm and...

Q:

8. Give three examples of how the level of confidence one has in someone can affect a communication situation.

Q:

7. List examples from a communication situation with a foreign person in which you have used the sauna manoeuvre (described in this chapter), and examples where you have been subjected to the...

Q:

1. To provide an understanding of how trust is established in a communication context.