In the operation of an imprest of petty cash, the
...In the operation of an imprest of petty cash, the
Petty cashier pays all expenses
Petty cashier pays money to the accountant
Petty cashier regularly begins each period with the same amount of money
Main cashier accounts to the petty cashier for some experiences made by him
Correct answer is C
An imprest system is a Self-checking account where a fixed balance is maintained by regular replenishments and used for paying small, routine operating expenses. Also called Imprest account, Imprest fund, petty cash account, or petty cash fund.
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\(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} &...