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Author Question: All of the following regarding payroll checks is correct except (Read 14 times)

OSWALD

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Question 1

A payroll clearing account is used to
◦ check the accuracy of payroll costs.
◦ speed up payroll transaction processing.
◦ reduce the transaction costs associated with payroll transaction processing.
◦ eliminate the need to manually record payroll transactions.

Question 2

All of the following regarding payroll checks is correct except
◦ access to payroll checks should be restricted.
◦ payroll checks should be sequentially pre-numbered.
◦ payroll checks should be drawn on the organization's regular bank account(s).
◦ the cashier should sign payroll checks.


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Marked as best answer by OSWALD on Apr 8, 2019

enass

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OSWALD

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enass

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Great! Please up vote :D



 

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