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Which internal control is not an important part of

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3.Which internal control is not an important part of the payroll system?a.Supervisors verify the accuracy of employee time cards.b.Paychecks are distributed by an independent paymaster.c.Accounts payable verifies the accuracy of the payroll register before transferring payrollfunds to the general checking accounting.d.General ledger reconciles the labor distribution summary and the payroll disbursementvoucher.ANS: C
4.Which transaction is not processed in the Fixed Asset System?
5.Depreciation
6.Depreciation records include all of the following information about fixed assets except
7.Which control is not a part of the Fixed Asset System?a.formal analysis of the purchase requestb.review of the assumptions used in the capital budgeting modelc.development of an economic order quantity modeld.estimates of anticipated cost savingsANS: C
8.Objectives of the Fixed Asset System do not include
9.Which of the following is not a characteristic of the Fixed Asset System?

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Term
Summer
Professor
antony gonzales
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