Account 2013 JAMB Past Questions - Question 11: I. The amount of the impress 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 above is correct about the impress system?

I. The amount of the impress 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 above is correct about the impress system?