Which of the following demonstrates the imprest system?

  • 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
jamb 1997accounting

The correct answer is C. Float → expenses paid→ cash from bank → float

No explanation given
Previous question Next question