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JAMB Principles of Accounts 2004 Question 9

Question 9

Petty Cash

The imprest account is subsidiary to the

  1. A.ledger account
  2. B.bank account
  3. C.cash book
  4. D.petty cash
Show the answer and explanation

Answer: C (cash book)

Explanation

The imprest (petty cash) book is a subsidiary of the main cash book, which reimburses the float spent.