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Accounting Information Systems

10th Edition
Hall + 1 other
Publisher: Cengage Learning,
ISBN: 9781337619202

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BuyFindarrow_forward

Accounting Information Systems

10th Edition
Hall + 1 other
Publisher: Cengage Learning,
ISBN: 9781337619202
Chapter 6, Problem 4MCQ
Textbook Problem
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Who below is most likely to distribute paychecks?

  1. a. Paymaster
  2. b. Timekeeping clerk
  3. c. Personnel clerk
  4. d. Supervisor

To determine

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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Chapter 6 Solutions

Accounting Information Systems
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