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Author Question: Which of the following statements about the payroll and personnel cycle is correct? (Read 63 times)

rubiosusy7

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Question 1

Discuss three important differences between the payroll and personnel cycle and other cycles in a typical audit.

Question 2

Which of the following statements about the payroll and personnel cycle is correct?

There are three classes of transactions within 
the payroll cycle - 
salaried employees, 
hourly employees, and commissioned 
employees.
Transactions are 
more significant 
than related 
balance sheet 
accounts.
Internal controls 
over payroll are 
effective for almost 
all companies, even 
small ones.
NoNoYes


There are three classes of transactions within 
the payroll cycle - 
salaried employees, 
hourly employees, and commissioned 
employees.
Transactions are 
more significant 
than related 
balance sheet 
accounts.
Internal controls 
over payroll are 
effective for almost 
all companies, even 
small ones.
YesNoYes


There are three classes of transactions within 
the payroll cycle - 
salaried employees, 
hourly employees, and commissioned 
employees.
Transactions are 
more significant 
than related 
balance sheet 
accounts.
Internal controls 
over payroll are 
effective for almost 
all companies, even 
small ones.
NoYesYes


There are three classes of transactions within 
the payroll cycle - 
salaried employees, 
hourly employees, and commissioned 
employees.
Transactions are 
more significant 
than related 
balance sheet 
accounts.
Internal controls 
over payroll are 
effective for almost 
all companies, even 
small ones.
NoYesNo


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Marked as best answer by rubiosusy7 on Aug 21, 2022

bleep bloop

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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  • Posts: 152
Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


kilada

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  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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