Upon receipt of the____________, the cash disbursements function prepares a single check for the entire amount of the payroll and deposits it in the payroll imprest account.Select one:a.approval of employee supervisorb.time cardsc.voucher packetd.job ticket
Question
Upon receipt of the____________, the cash disbursements function prepares a single check for the entire amount of the payroll and deposits it in the payroll imprest account.Select one:a.approval of employee supervisorb.time cardsc.voucher packetd.job ticket
Solution
The correct answer is b. time cards.
Here's the step by step process:
- Employees record their work hours on time cards.
- The time cards are then collected and verified.
- Based on the hours worked, as recorded on the time cards, the payroll department calculates the total payroll amount.
- Upon receipt of the time cards and calculation of the total payroll amount, the
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