Which of the Following Is True of an Imprest System

question 91

Multiple Choice

Which of the following is true of an imprest system?

• A)It is an internal control for cash receipts.
• B)It is commonly used with voucher systems.
• C)The payroll bank account equals zero after all employees have been paid.
• D)Eliminates the need for a bank reconciliation.

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Definitions:

Cytosol

The aqueous component of the cytoplasm within a cell, where organelles are suspended and various cellular processes occur.

Cytoplasm

The material within a living cell, excluding the nucleus, made up of cytosol and organelles, where most cellular activities occur.

Nucleolus

A small, dense structure found within the nucleus of cells, primarily involved in the production of ribosomes.

Separation Of Chromosomes

A process during cell division where replicated chromosomes are separated into two new nuclei.