MCQOPTIONS
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| 1. |
Which of the following explains the imprest system of operating petty cash? |
| A. | Weekly expenses cannot exceed a set amount |
| B. | The exact amount of expenses is reimbursed at intervals to maintain a fixed float |
| C. | All expenses out of the petty cash must be properly authorized |
| D. | Regular equal amounts of cash are tr |
| Answer» E. | |