What are the advantages of an imprest petty cash book?
I cheques can be drawn easily
II A cheque on the use of cash
III Liability of the petty cashier is limited to the value of petty cash
IV Loses through the petty cashier can be minimized
I, II and III only
I, II and IV only
I, III and IV only
II, III and IV only
Correct answer is C
No explanation has been provided for this answer.