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Why would a company choose to use an imprest payroll bank account rather than have the payroll clear through the general bank account. (3 marks)

Why would a company choose to use an imprest payroll bank account rather than have the payroll clear through the general bank account. (3 marks)

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To ensure all employees are paid

Provide better control and limit the amount of possible theft of cash

To ensure all employees are paid the proper hours at the agreed upon pay rates

Provides better control over payments to suppliers

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