When companies use debit cards for purchases of relatively small amounts:
A)employees who need to make the purchases must turn in receipts for purchases.
B)supervisors do not require receipts for the small purchases because prior approval was given.
C)must use a imprest system
D)the employee who used the debit card compares the receipts to the EFT amounts on the bank statement.

Question

Quizplus · Accepted Answer

Employees are typically required to turn in receipts for purchases made with company debit cards to ensure accountability and proper record-keeping.

When Companies Use Debit Cards for Purchases of Relatively Small