A Way to Account for Petty Cash by Maintaining a Constant

question 128

Multiple Choice

A way to account for petty cash by maintaining a constant balance in the petty cash account and which at any time requires that cash plus petty cash tickets must total the amount allocated to the petty cash fund,is known as the ________.

• A) control system
• B) voucher system
• C) balanced system
• D) imprest system

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