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1. The amount of the imprest is the same from one organization to another11.At t...


Question

1. The amount of the imprest is the same from one organization to another

11.At the end of a fixed period, the petty cashier received a fixed sum of money.

111. At the end of a period, the petty cashier is reimbursed with the amount spent in that period.

1V. 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 imprest system?

Options

A) 1, 11 and 111

B) 1, 111 and 1V

C) 11 and 1V

D) 111 and 1V

The correct answer is C.


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