Multiple Choice
Petty cash is accounted for by maintaining a constant balance in the petty cash account, supported by the fund (cash plus payment slips) totalling the same amount. What is this system called?
A) An imprest system
B) A voucher system
C) A balanced system
D) A control system
Correct Answer:
Verified
Correct Answer:
Verified
Q41: Petty cash is a fund containing a
Q96: The following information is needed to reconcile
Q97: Please refer to the following bank reconciliation:
Q98: A petty cash fund was established with
Q99: In the following situation, which internal control
Q102: A _ is a document explaining the
Q103: A cheque was written by a business
Q105: Which of the following items will NOT
Q106: Which of the following conditions must exist
Q109: External auditors monitor company controls to safeguard