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O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2022 · Q81 Mark

Jasvinder maintains a petty cash book using the imprest system. The monthly imprest of $100 is restored on the first day of each month. In September the petty cash book showed the following. $ total expenses 83 total receipts 7 How much cash did Jasvinder need to restore the imprest on 1 October?

A$24
B$76
C$83
D$100

✓ Correct answer

B: $76

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 8.

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