An Imprest System Is a Way to Account for Petty

question 96

True/False

An imprest system is a way to account for petty cash by maintaining a constant balance in the petty cash account,supported by the fund (cash plus petty cash slips)totalling the same amount.

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Definitions:

Court Records

Official documents and records generated and maintained by a court, documenting the progression and resolution of legal cases.

Authentic

Genuine or verified as true in its claims or origin; not counterfeit or copied.

Relevant

Pertaining directly to the matter at hand.

Hearsay Rule

A rule of evidence which excludes the use of statements made out of court that are offered in court as evidence to prove the truth of the matter asserted.