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:

Concentrating

The act of focusing one's attention or mental effort on a specific task or activity.

Forgetful

Characterized by the inability to remember things or to retain information.

African Americans

Refers to citizens or residents of the United States who have total or significant partial ancestry from any of the black racial groups of Africa.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.