Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

A trader maintained a petty cash book under the imprest system. He was given the information below. On 1 March the petty cash balance was $80$. A transfer from the bank account to replenish the imprest was $170$. On 31 March petty cash payments totalled $195$ and petty cash expense refunded amounted to $10$. What amount was required to replenish the imprest on 1 April?

  • A$55$
  • B$65$
  • C$185$
  • D$250$

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