Payroll Department Documents Quiz

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What is the primary objective of the HR Department?

To ensure accurate processing of payroll

To ensure employees included in the payroll are rendering services to the entity (correct)

To monitor and approve daily time records

To summarize transactions recorded during the day

Which department forwards payroll related information to the payroll department?

General Accounting Department

Inventory Accounting Department

Treasury Department

HR Department (correct)

What does the Labor Cost Summary by Payroll Department to Inventory Accounting Department show?

Transactions recorded during the day by different departments

Cumulative year-to-date summary of earnings and deductions of every employee

Summary of actual hours worked during a pay period

Payroll information which is inventoriable or can be attributed to a particular job or customer order (correct)

What is a possible control for the HR Department?

Information not related to payroll aren't discussed to other departments Signup and view all the answers

Which department provides Daily Summaries to the General Accounting Department?

Payroll Department Signup and view all the answers

What does the Employee Earnings Record show?

Cumulative year-to-date summary of earnings and deductions of every employee Signup and view all the answers

What is the purpose of having a separate bank account exclusively for payroll disbursements?

To ensure accurate classification and recording of payroll expenses. Signup and view all the answers

Why might an employee independent from payroll and user departments distribute paychecks on a surprise basis?

To identify fictitious employees. Signup and view all the answers

What action should be taken with unclaimed payroll checks according to the provided text?

Re-deposit them to the bank. Signup and view all the answers

Why does the Accounting Department review daily summaries and documents from Payroll, Treasury, and Inventory departments?

To ensure accurate recording of payroll expenses and liabilities. Signup and view all the answers

What is the primary objective of the Accounting Department related to payroll activities?

To ensure proper classification and recording of payroll items. Signup and view all the answers

What is the primary objective of the Payroll Department?

Ensuring accurate and reasonable payroll calculations Signup and view all the answers

Which department should be segregated from HR, Treasury, and some user departments?

Payroll Department Signup and view all the answers

What is one of the activities carried out by the Treasury Department (Disbursement) related to payroll cash disbursements?

Distributing checks to employees Signup and view all the answers

Which control measure is recommended for the Payroll Department to ensure accuracy and reasonableness?

Appropriate management review of the payroll register Signup and view all the answers

What should be immediately done when an employee is terminated according to the text?

Notify the payroll department Signup and view all the answers

What type of information should not be discussed with other departments according to the text?

Information not related to payroll Signup and view all the answers

Payroll Department Documents Quiz

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