Bank accounts to administer payroll are often on an imprest basis, as in they are usually at zero balance except for near pay period ends when funds are transferred from another account to service and direct deposits to employees. O True False

Bank accounts to administer payroll are often on an imprest basis, as in they are usually at zero balance except for near pay period ends when funds are transferred from another account to service and direct deposits to employees. O True False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bank accounts to administer payroll are often on an imprest basis, as in they are usually at zero balance except for near pay period ends when funds are transferred from another account to service
and direct deposits to employees.
True
O False

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