During a month a business spends 195 on petty cash items and pays into petty cash a

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During a month a business spends £195 on petty cash items and pays into petty cash a

£5 note which the owner had borrowed previously. There was a cash float of £200 at the start of the month. Using the imprest system, how much will be paid into petty cash at the start of the next month?

a. £200

b. £10

c. £190

d. £390

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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During a month a business spends 195 on petty cash items and pays into petty cash a

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Introduction To Accounting And Finance

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