The major advantage of an imprest system is that it
...The major advantage of an imprest system is that it
Ensures a proper accountability for every expenditure
Trains the young accountants in preparation for greater responsibilities
Relieves the chief cashier of the numerous petty cash payments
Serves as an analysis column for every expenses
Correct answer is C
No explanation has been provided for this answer.
Given: Equipment Motor Vehicle Loan Creditors Sub in advance ...
The accounting entries when goods are sold on credit at the branch are debit ...
Payment is shown in the Balance Sheet as ...
In preparing the final accounts, the bad debt account is closed by a transfer to the ...
Which method of pricing can be used satisfactorily in either rising or falling price situation? ...
Which of the following is a credit item in an income and expenditure account? ...