The use of an imprest payroll account prevents losses from payment of unauthorized payroll to no more than the balance in the imprest account.

Name: The use of an imprest payroll account prevents losses from payment of unauthorized payroll to no more than the balance in the imprest account.
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Question

Quizplus · Accepted Answer

An imprest payroll account ensures that only authorized payroll payments are made and limits the losses to the balance in the account, thereby preventing any unauthorized payments beyond the account balance.

The Use of an Imprest Payroll Account Prevents Losses from Payment