Multiple Choice Questions on A business operates its petty cash by using the imprest system At the beginning of the month the pet........... for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

A business operates its petty cash by using the imprest system At the beginning of the month the pet...........

Accountancy (11th) Chapter-5 Bank Reconciliation Statement
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    A business operates its petty cash by using the imprest system. At the beginning of the month, the petty cashier was given $1 000 out of which she spent $800. How much will she be reimbursed?

    $200

    Incorrect Answer

    $800

    Correct Answer

    $1 000

    Incorrect Answer

    $1 800

    Incorrect Answer
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    $800

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