An Imprest Petty Cash Fund of $400 Was Established for Minor

question 97

Multiple Choice

An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. If there is $13 left in the fund, how much cash is required to replenish the fund?

• A)$377
• B)$236
• C)$387
• D)$367

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Definitions:

Labour Relations Board

A government agency responsible for overseeing and enforcing labor laws and labor relations.

Mitigate Loss

Actions taken to minimize or reduce the adverse effects or damages resulting from a breach of contract or other wrongful acts.

Severance Pay

Compensation provided to an employee who is discharged from employment, typically based on the length of employment and the reason for termination.

Legal Action

A formal proceeding taken in a court of law to enforce or defend a legal right.