1. Human resources and payroll cycle affect all accounts, except?

A. Salaries and wages expense and payable

B. Premium expense and payable
C. Cash
D. Purchases
2. It contains all information related to entity’s employees from time they are hired up to
their eventual termination.
A. 201 file
B. 202 file
C. 204 file
D. 205 file
3. It’s primary objective is to provide reasonable assurance that items related to payroll
are appropriately classified and recorded in correct accounting period at appropriate
amounts.
A. Payroll Department
B. Human resource Department
C. Accounting Department
D. Treasury Department
4. This department ensures that all employees included in the payroll are rendering
services to the entity
A. Payroll department
B. Accounting department
C. Human resource department
D. Treasury Department
5. What is the common control adopted by different entities in payroll department?
A. Maintaining a separate bank account exclusively for payroll disbursement
B. An employee independent from payroll and user departments may distribute
paychecks.
C. Information not relevant to payroll is not shared to other departments
D. A member who is not involved in payroll preparation reviews the payroll
register for accuracy and reasonableness
6. What form or document does user department distribute to payroll department?
A. Personnel records
B. Daily time records
C. Employee earning records
D. Daily summaries
7. These are the significant departments in charge with disbursement and distribution.
A. Payroll department and user department
B. Human resource department and payroll department
C. User department and human department
D. Treasury department and accounting department ( General )
8. It provides reasonable assurance that the payroll calculation in every pay period is valid.
A. Accounting department
B. Treasury department
C. User department
D. Human resource department
9. Payroll department initiate all of the following forms or documents, except:
A. Daily time record
B. Payroll register
C. Labor cost summary
D. Employee earnings record
10. What kind of transactions does human resources and payroll cycle cover?
A. The production of entity’s product for sale.
B. The acquisition of goods and services.
C. The acquisition of services from employees.
D. Generation pf capital funds from outside.