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

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 9QY

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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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