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. . . Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times,

". . . Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible

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