Establishing a separate payroll checking account and funding it as an imprest account

What will be an ideal response?

To limit the amount of funds at risk to the amount of the imprest fund; to make it easier to reconcile the payroll account and validate payroll expenses.

Business

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A major disadvantage of a company issuing bonds is that the bondholders may exercise their voting rights and take over the company

Indicate whether the statement is true or false

Business

Define utilization and give a service process example of it

What will be an ideal response?

Business