
For the following statement below, select whether it is Unimportant, No Impact, True or False in respect of internal controls over payroll
- Requiring employees to clock in and out of work helps to ensure that they are paid at the correct pay rate.
Select ONE answer:
- False
- No impact
- Unimportant
- True
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct – clocking in and out of work ensures correct recording of the hours clocked in and out, but has NO bearing on the rate of pay.
- Not correct
- Not correct
- Not correct

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