What are the advantages of an imprest petty cash book? I cheques can be drawn...
FINANCIAL
JAMB 1995
What are the advantages of an imprest petty cash book?
I cheques can be drawn easily
II A cheque on the use of cash
III Liability of the petty cashier is limited to the value of petty cash
IV Loses through the petty cashier can be minimized
- A. I, II and III only
- B. I, II and IV only
- C. I, III and IV only
- D. II, III and IV only
Correct Answer: C. I, III and IV only
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