After the payroll total has been agreed upon, often a separate bank account is set up to pay the amount. This account is referred to as:
A) a cashiered account.
B) a completed transaction account.
C) a voided cheque account.
D) an imprest payroll account.

Question

Quizplus · Accepted Answer

An imprest payroll account is a separate bank account set up specifically to pay the agreed upon payroll amount. It is commonly used to ensure that the correct amount of payroll is paid out and to prevent any fraudulent activity. A cashiered account, a completed transaction account, and a voided cheque account are not common terms used in payroll processing.

After the Payroll Total Has Been Agreed Upon, Often a Separate