Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 25)
1.12. What is the main difference between the imprest system and other petty cash systems?
The frequency of replenishing the petty cash fund
The amount of money in the petty cash fund
The person responsible for managing the fund
The types of expenses that can be paid with the fund
Explanation
The main difference lies in how often the petty cash fund is replenished.
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