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Commerce · Q1546

Accounting

Graduate and Post Graduate · Commerce · question 1546

Q1546

Under the 'imprest system of petty cash book' the petty cashier submits the periodical statement and recovers

A.
budget allotted for the period
B.
actual amount spent
C.
budget allotted plus unspent amount
D.
petty amount of cash
Answer

Answer: Option D

Solution

Answer: Option D
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