Answered step by step
Verified Expert Solution
Question
1 Approved Answer
N operates an imprest system for petty cash. On 1 February, the float was $300. It was decided that this should be increased to
N operates an imprest system for petty cash. On 1 February, the float was $300. It was decided that this should be increased to $375 at the end of February. During February, the cashier paid $20 for window cleaning, $100 for stationery and $145 for coffee and biscuits. The cashier received $20 from staff for the private use of the photocopier and $60 for a miscellaneous cash sale. What amount was drawn from the bank account for petty cash at the end of February? A. $185 B. $260. C. $315 D. $375
Step by Step Solution
★★★★★
3.46 Rating (166 Votes )
There are 3 Steps involved in it
Step: 1
Bank account for petty cash at end of February 260 EXPLA...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
635d8e0e98e38_176708.pdf
180 KBs PDF File
635d8e0e98e38_176708.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started