An Imprest Payroll Account That Has a Significant Balance May

question 100

Multiple Choice

An imprest payroll account that has a significant balance may indicate the presence of

• A) employees not cashing their payroll checks.
• B) fraudulent transfer of funds by the company.
• C) lack of controls over payroll distribution.
• D) the company overpaying its employees.

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Definitions:

Property Rights

Legal rights to use, control, and benefit from owning property, both tangible and intangible.

Economic Signals

Indicators or pieces of data that inform individuals or markets about the health of the economy or trends in economic activity, potentially guiding decision-making.

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose.

Equity

Fairness or justice in the way people are treated, or in financial terms, the value of an ownership interest in property, including shareholders' equity in a business.