Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

A trader keeps a petty cash book under the imprest system. The imprest amount is $\$120$. The petty cash transactions for June were: receipt from a customer $\$21$; payments: stationery $\$25$, postage $\$10$, cleaning $\$20$, payment to a supplier $\$40$. What amount was handed to the petty cashier on 1 July to bring the imprest back to its original level?

  • A$\$46$
  • B$\$74$
  • C$\$95$
  • D$\$120$

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