O-LevelAccountingAccounting procedures7707/12 · May/June 2025 · Q51 Mark

Raminder maintains a petty cash book using the imprest system. The monthly imprest of $250 is restored on the first day of each month. In January, the petty cashier spent $105, and received a refund of $15 from a stationery supplier. How much was given to the petty cashier on 1 February to restore the imprest?

A$90

B$105

C$145

D$160

✓ Correct answer

A: $90

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 2, question 5.

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