What are the advantages of an imprest petty cash book? I cheques can be drawn easily II A cheque on the use of cash III Liability of the petty cashier is li...

Question 1 Report

What are the advantages of an imprest petty cash book?

I cheques can be drawn easily

II A cheque on the use of cash

III Liability of the petty cashier is limited to the value of petty cash

IV Loses through the petty cashier can be minimized

I, II and III only

I, II and IV only

I, III and IV only

II, III and IV only

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