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1. Petty Cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check. Required: a)

1. Petty Cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check.

Required: a) Discuss the purpose of petty cash book in detail. (350 words)

b) Summarize how the imprest system works. (350 words)

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