When Companies Use Debit Cards for Purchases of Relatively Small

Multiple Choice

When companies use debit cards for purchases of relatively small amounts:

A) employees who need to make the purchases must turn in receipts for purchases.
B) supervisors do not require receipts for the small purchases because prior approval was given.
C) must use a imprest system
D) the employee who used the debit card compares the receipts to the EFT amounts on the bank statement.