Multiple Choice Questions on An amount that is paid to the petty cashier in the beginning of each month is known as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

An amount that is paid to the petty cashier in the beginning of each month is known as ........

General Accounting Principles Accounting cycles
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    An amount that is paid to the petty cashier in the beginning of each  month is known as

    Cash amount

    Incorrect Answer

    Imprest amount

    Correct Answer

    Petty cash

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Imprest cash is a constant or unchanging amount that is often used when referring to petty cash. 

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