A petty cash account has an imprest of GH¢ 6,000. If...
A petty cash account has an imprest of GH¢ 6,000. If GH¢ 2,000 were left, how much will be re-imbursed at the end of the period?
GH¢ 8,000
GH¢ 6,000
GH¢ 4,000
GH¢ 2,000
Correct answer is C
An imprest is a fund used by a business for small items of expenditure and restored to a fixed amount periodically.
A reimbursement is a repayment for money you've already spent.
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