What are the advantages of an imprest petty cash book? I cheques can be drawn…

Accounts - Principles of Accounts JAMB 1995

What are the advantages of an imprest petty cash book?
I cheques can be drawn easily
II A cheque on the use of cash
III Liability of the petty cashier is limited to the value of petty cash
IV Loses through the petty cashier can be minimized

  • I, II and III only
  • I, II and IV only
  • I, III and IV only checkmark
  • II, III and IV only

The correct answer is: C

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