An imprest payroll account ordinarily carries a balance that is:
A) larger than the amount of the periodic payroll disbursement.
B) larger than the other company bank accounts.
C) below zero.
D) small.

Question

Quizplus · Accepted Answer

An imprest payroll account is designed to have a small balance, just enough to cover the payroll disbursement for a specific period, after which it is replenished to the set amount for the next payroll period.

An Imprest Payroll Account Ordinarily Carries a Balance That Is