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Hal's Place Night Club maintains an imprest petty cash fund of $ 1 0 0 , which is under the control of Adalyn Buggs. At

Hal's Place Night Club maintains an imprest petty cash fund of $100, which is under the control of Adalyn Buggs. At March 31, the fund holds $9 cash and petty cash tickets for supplies, $82, and delivery expense, $15.
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Requirement 1. Complete the following to explain how an imprest petty cash system works.
Maintaining the Petty Cash account at its is the nature of an imprest system. The imprest system requires that, the petty cash box contains [ This clearly identifies the 1. and it is the system's main internal control feature.
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