Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 38 - No. 38)
When is the petty cash fund replenished in an Imprest System?
When the fund is depleted.
At the end of each month.
When the fund balance is low, and/or periodically.
When the cash in the fund is counted.
Explanation
The fund is replenished when the balance reaches a low level and/or based on a set schedule.
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