Accounting · Petty Cash Book
An imprest system of petty cash means that the petty cash float is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maintained with a minimum balance.
- 2Only replenished when the balance is zero.
- 3Restored to a fixed amount at regular intervals.✓
- 4A fixed amount at all times.
Correct answer
Restored to a fixed amount at regular intervals.
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