Which of the following demonstrates the imprest system?
FINANCIAL
JAMB 1997
Which of the following demonstrates the imprest system?
- A. Float → expenses paid → cash in bank → float
- B. Float → cash from bank → expenses paid → float
- C. Float → expenses paid→ cash from bank → float
- D. Float → cash in bank → expenses paid → float
Correct Answer: C. Float → expenses paid→ cash from bank → float
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