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1 . 10 Which of the following correctly describes the imprest system for operating petty cash ?

Which of the following correctly describes the imprest system for operating petty cash?, can you explain the answer thank you1556987397(1).png

1556987397(1).png

1 . 10 Which of the following correctly describes the imprest system for operating petty cash ?
A
All expenditure out of petty cash must be supported by a properly authorised
Voucher .
B A regular equal amount of cash is transferred into petty cash .
C
The exact amount of expenditure out of petty cash is reimbursed at
intervals .
D
A budget is fixed for a period which petty cash expenditure must not
exceed.

Top Answer

Select - Option - C ....... The exact... View the full answer

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