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

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

The imprest is ₦10,000 and ₦7,200 was spent during the month. The amount needed to restore the imprest is

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Answer: D. ₦7,200

Reimburse what was spent.

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