(d) Which of the following statements relating to petty cash is true? i. The imprest is the...
Question:
(d) Which of the following statements relating to petty cash is true?
i. The imprest is the amount of cash le" at the end of the period.
ii. The imprest is the sum of the balance plus the sum of the vouchers issued for the period to date.
iii. The imprest is the total payments for the month.
iv. The imprest system provides an audit trail.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting For Business Students
ISBN: 9781488616570
1st Edition
Authors: Peter Atrill, Eddie Mclaney, David Harvey
Question Posted: