A trader maintains a petty cash book using the imprest system. The monthly imprest is $120. The

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A trader maintains a petty cash book using the imprest system. The monthly imprest is $120. The petty cash transactions during August were:

How much was given to the petty cashier on 1 September to restore the imprest?
A. $26

B. $37

C. $83

D. $94

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 14, 2021 01:04 AM

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A trader maintains a petty cash book using the imprest system. The monthly imprest is $120. The

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Payments Taxi fare 12 Stationery 31 Postage 8 Waheed, a credit supplier 43 Receipts Refund for damaged stationery 11

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answer B 37 explanation The petty cash balance should always match the or...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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