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1. An account in the chart of accounts has the number 7111. Assuming a hierarchical coding system is used, which of the following does the "7" likely represent?

Sales region

Employee of the month

Revenues

Merchandise sales 2. From which document does information regarding the distribution of labor charges to jobs in process or other expense accounts primarily originate? attendance time records job time records employee paychecks purchase orders 3. A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to: send a "blind" copy of the purchase order to receiving establish "blanket order" in purchasing establish a "tickler" file for completed purchase orders send copies of a receiving report to accounts payable 4. One of the control goals for payroll is to preserve the security of cash. Which of the following control plans achieves this? pre formatted time input screens prepare timely payroll tax reports independent reconciliation of payroll bank account automated data entry of time data 5. All of the following statements regarding the payroll process are true EXCEPT: it should not be outsourced because it usually represents a key competency of the business it provides support for repetitive routines a company can reduce costs substantially by switching from bi-weekly to monthly payroll in addition to amounts paid to employees, it keeps track of payroll taxes and employee benefits 6. When describing the mode of processing that characterizes most payroll processing, choose the best answer periodic mode dynamic mode JIT mode immediate mode

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