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Which of the following statements best explains the imprest system of petty cash control? A Weekly expenditure cannot exceed a set amount The exact amount

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

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