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Which of the following explains the imprest system of operating petty cash? A Weekly expenditure cannot exceed a set amount B The exact amount of
Which of the following explains the imprest system of operating petty cash?
A Weekly expenditure cannot exceed a set amount
B The exact amount of expenditure is reimbursed at intervals to maintain a fixed float
C All expenditure out of the petty cash must be properly authorised
D Regular equal amounts of cash are transferred into petty cash at intervals
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