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 recorded during June were: receipt from a customer $21 payments: stationery $25 postage $10 cleaning $20 payment to a supplier $40 What amount should be 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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