ACCOUNTING
JAMB 2016 - Question 23
Account 2016 JAMB Past Questions - Question 23: 1. The amount of the imprest is the same from one organization to another. II. At the end of a fixed period, the petty cashier received a fixed sum of money. III. At the end of a period, the petty cashier is reimbursed with the amount spent in that period. IV. The system is a method by which a measure of control is kept on petty cash expenses. Which of the following is correct about the imprest system?
Choose the most appropriate option for the gap .
Which of the following is correct about the imprest system?
A:
B:
C:
D:
Correct Answer
D
Explanation
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