The major advantage of an imprest system is that it
FINANCIAL
JAMB 2014
The major advantage of an imprest system is that it
- A. ensures a proper accountability for every expenditure
- B. trains the young accountants in preparation for greater responsibilities
- C. relieves the cheif cashier of the numerous petty cash payments
- D. serves as an analysis column for every expenses
Correct Answer: C. relieves the cheif cashier of the numerous petty cash payments
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