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Accounts (Principles of Accounts) · Petty cash and the imprest system

Accounts (Principles of Accounts)Petty cash and the imprest systemJAMB

A petty cash float of ₦15,000 is kept on the imprest system. During the month ₦3,200 was spent on postage, ₦4,800 on transport and ₦2,500 on cleaning. The reimbursement at the end of the month is

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