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:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.

P-Value

The likelihood of encountering test outcomes that are as significant or more significant than the actual observed outcomes, assuming the null hypothesis is true.

Contingency-Table

A table often used in statistics to display the frequency distribution of variables, helping in analyzing the relationship between categorical variables.

Degrees of Freedom

The number of independent values or quantities which can vary in the analysis without violating any constraints.