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

Accounting cycles

General Accounting Principles

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Indian Economy - Understanding the basics of Indian economic system

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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
    Explanation:

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


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