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?
A. GH¢ 8,000 B. GH¢ 6,000 C. GH¢ 4,000 D. GH¢ 2,000
Correct Answer: C
Explanation
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.
The petty cashier imprest is a fixed amount of GH¢6,000 At the end of the month GH¢2,000 left The imprest will be reimbursted with GH¢4,000
