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

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

The petty cash imprest is ₦20,000 and ₦14,500 was spent during the month. How much is needed to restore the imprest?

Show answer

Answer: C. ₦14,500

The reimbursement equals the amount spent.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

Practise Petty cash and the imprest systemA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Petty cash and the imprest system questions