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Which of the Following Is Not an Essential Feature of the Petty

Question 43

Multiple Choice

Which of the following is not an essential feature of the petty cash imprest system?


A) Several people being authorised to reimburse expenses.
B) Deciding on a fixed sum that becomes the imprest balance or 'float'.
C) Cash in the fund together with vouchers always equalling the imprest amount.
D) Reimbursement to the fund for the exact amount spent in the period.

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