Which of These Is Not an Essential Feature of the Imprest

question 53

Multiple Choice

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

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

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Definitions:

Total Investment

The sum of all expenditures on capital goods by businesses and the government within a given period.

Interest Rate

The percentage of a sum of money charged for its use, serving as the cost of borrowing or the return on savings.

Expected Rate

A forecasted value or percentage in various contexts, such as return on investment or growth, based on current and historical data.

Total Investment

The sum of all expenditures on capital goods by a business or economy during a specific period, indicating the total amount spent on investments.