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Under imprest system of petty cash, amount reimbursed is: а. Equal to month starting Petty Cash balance b. Equal to petty cash expenses incurred during the month С. Any amount that is required by junior accountant d. Any suitable amount given by senior accountant

Under imprest system of petty cash, amount reimbursed is: а. Equal to month starting Petty Cash balance b. Equal to petty cash expenses incurred during the month С. Any amount that is required by junior accountant d. Any suitable amount given by senior accountant

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 6QY
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Under imprest system of petty cash, amount reimbursed is: а. Equal to month starting Petty Cash balance b. Equal to petty cash expenses incurred during the month С. Any amount that is required by junior accountant d. Any suitable amount given by senior accountant
Transcribed Image Text:Under imprest system of petty cash, amount reimbursed is: а. Equal to month starting Petty Cash balance b. Equal to petty cash expenses incurred during the month С. Any amount that is required by junior accountant d. Any suitable amount given by senior accountant
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