An imprest payroll account:
A) is similar to other imprest accounts.
B) balance should reach zero.
C) serves to make reconciliation easier.
D) All of the above.

Question

Quizplus · Accepted Answer

An imprest payroll account is similar to other imprest accounts in that it is funded in advance with a fixed amount of money and then replenished as necessary. Its balance should reach zero at regular intervals, such as weekly or biweekly. This serves to make reconciliation easier and ensures that the account is always properly funded. Therefore, all of the above options are correct.

An Imprest Payroll Account