. I. Imprest should be used for small reimbursements and material expenses such as utilities or to purchase assets for the firm. II. An unrecorded voided check would be disregarded if the company issued the check. III. Outstanding checks issued as a certified check shall be included as an adjustment to book to bank balance. a. I and III are true b. I and II are false c. II and III are false d. All statements are fals
. I. Imprest should be used for small reimbursements and material expenses such as utilities or to purchase assets for the firm. II. An unrecorded voided check would be disregarded if the company issued the check. III. Outstanding checks issued as a certified check shall be included as an adjustment to book to bank balance. a. I and III are true b. I and II are false c. II and III are false d. All statements are fals
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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36. I. Imprest should be used for small reimbursements and material expenses such as utilities or to purchase assets for the firm.
II. An unrecorded voided check would be disregarded if the company issued the check.
III. Outstanding checks issued as a certified check shall be included as an adjustment to book to bank balance.
a. I and III are true
b. I and II are false
c. II and III are false
d. All statements are false
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