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Who below is most likely to distribute paychecks? a. Paymaster b. Timekeeping clerk c. Personnel clerk d. Supervisor
Accounting Information Systems
Solutions
Accounting Information Systems
Who below is most likely to distribute paychecks?
- a. Paymaster
- b. Timekeeping clerk
- c. Personnel clerk
- d. Supervisor
Identify the person more eligible to distribute paychecks from the given option.
Explanation of Solution
Paycheck:
Paycheck is a medium through which the amount of salary or wage earned by employee transferred in account directly. In other words, it is a slip of paper having details about the account number of employee, date of issue, signature of giver and name of the employee.
a.
Paymaster is an independent person which is appointed by the organization specially for the purpose of distributing paychecks to reduce the fraud in payroll system. Therefore, this option is correct.
b.
The duties of timekeeping clerk includes preparing time keeping records of employees, checking time keeping records and go through with the guidelines of organization regarding time keeping...
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