(d) Which of the following statements relating to petty cash is true? i. The imprest is the...

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(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.

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Accounting For Business Students

ISBN: 9781488616570

1st Edition

Authors: Peter Atrill, Eddie Mclaney, David Harvey

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