In the operation of an imprest of petty cash, the
-
A.
petty cashier pays all expenses -
B.
petty cashier pays money to the accountant -
C.
petty cashier regularly begins each period with the same amount of money -
D.
main cashier accounts to the petty cashier for some experiences made by him
Correct Answer: Option C
Explanation
An imprest system is a Self-checking account where a fixed balance is maintained by regular replenishments and used for paying small, routine operating expenses. Also called Imprest account, Imprest fund, petty cash account, or petty cash fund,.