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 in the previous month. 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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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:01 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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Accounting And Finance For Business

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