The Imprest Payroll Account Should Show a Zero Balance After

question 43

True/False

The imprest payroll account should show a zero balance after both the debit for gross pay paid to employees and the credit for gross pay distributed to jobs in process or to expense categories has been posted to the account.

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Definitions:

U.S. Bureau of the Census

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.

Family Size

The number of individuals in a household related by blood, marriage, or adoption.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country, helping to identify individuals and households in need.

Poverty Thresholds

The minimum income levels set by a government that determine who is considered to be living in poverty.