Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 48)

In an imprest system, what happens at the end of a period?
a) Cash is replenished to its original amount.
b) The cash is checked to see if the amount is correct.
c) The remaining cash is counted to see what has been spent.
d) The money is put back in the bank account.

Explanation

Cash is replenished to its original amount.

Comments (0)

Advertisement