Adam is responsible for keeping a petty cash book for his employer. The monthly imprest is $200.
Question:
Adam is responsible for keeping a petty cash book for his employer. The monthly imprest is $200. During January the following petty cash payments were made: travel expenses $82; postage $45; office cleaning $39.
How much should Adam receive at the end of January to restore the imprest?
A. $34
B. $166
C. $200
D. $366
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A 34 The imprest is 200 which means the petty cash should b...View the full answer
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Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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