[amp_mcq option1=”Cash Book” option2=”Petty Cash Book” option3=”Profit & Loss Account” option4=”Balance Sheet” correct=”option2″]<\/p>\n
The correct answer is: B. Petty Cash Book<\/strong><\/p>\n An imprest system is a system of cash management in which a fixed amount of money is set aside for a specific purpose. This amount is known as the imprest fund. The imprest fund is typically used to cover small, routine expenses, such as office supplies or travel expenses.<\/p>\n A petty cash book is a book that is used to record the transactions that occur in an imprest fund. The petty cash book typically includes columns for the date, the purpose of the expense, the amount of the expense, and the signature of the person who authorized the expense.<\/p>\n The other options are incorrect because they are not related to imprest systems.<\/p>\n [amp_mcq option1=”Cash Book” option2=”Petty Cash Book” option3=”Profit & Loss Account” option4=”Balance Sheet” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-46072","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n\n