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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 7: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts, Audit of the Payroll and Personnel Cycle, Audit of the Inventory and Warehousing Cycle
  5. Question
    An Imprest Payroll Account Ordinarily Carries a Balance That Is
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An Imprest Payroll Account Ordinarily Carries a Balance That Is

Question 51

Question 51

Multiple Choice

An imprest payroll account ordinarily carries a balance that is:


A) larger than the amount of the periodic payroll disbursement.
B) larger than the other company bank accounts.
C) below zero.
D) small.

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