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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
    Which of the Following Is Not an Advantage of Using
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Which of the Following Is Not an Advantage of Using

Question 39

Question 39

Multiple Choice

Which of the following is not an advantage of using an imprest payroll account?


A) It allows the delegation of payroll check- signing duties.
B) It limits the company's exposure to payroll fraud.
C) Companies have fewer banking transactions.
D) It facilitates cash management.

Correct Answer:

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