Home » Past Questions » Accounts » Which of the following demonstrates the imprest system?

Which of the following demonstrates the imprest system?


Question

Which of the following demonstrates the imprest system?

Options

A)
Float → expenses paid → cash in bank → float
B)
Float → cash from bank → expenses paid → float
C)
Float → expenses paid→ cash from bank → float
D)
Float → cash in bank → expenses paid → float

The correct answer is C.


More Past Questions:


Discussion