The petty cashier is given a certain amount of cash for meeting petty expenses under ______.
imprest system of petty cash fund simple system of petty cash fund ordinary system of petty cash fund special syste of petty cash fund
The petty cashier is given a certain amount of cash usually at the beginning of the accounting year under ______.
ordinary system of petty cash fund special system of petty cash fund simple system of petty cash fund imprest system of petty cash fund
Imprest system of petty cash fund is better than the ordinary system because ______.
It helps ultimately for effective control of the mis-utilization of the petty cash fund. It does not allow the petty cashier to keep idle cash with him as the float can be reduced if found more than necessary. all the options are correct It helps in timely reporting and checking. Thus, the errors, if any, can be rectified by the main cashier soon.
The office establishes the petty cash fund for paying petty expenses incurred ______.
annually daily monthly weekly
Which one of the factor should be considered carefully by the petty cashier for the proper operation of the fund?
All the options are correct Payment should be made only for petty expenses. Advance payments should not be made. The fund should not be mixed with any other amount received from any source.