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What are the advantages of an imprest petty cash book?I cheques can be drawn eas...


Question

What are the advantages of an imprest petty cash book?

I cheques can be drawn easily
II A cheque on the use of cash
III Liability of the petty cashier is limited to the value of petty cash
IV Loses through the petty cashier can be minimized

Options

A)
I, II and III only
B)
I, II and IV only
C)
I, III and IV only
D)
II, III and IV only

The correct answer is C.


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