1. The amount of the imprest is the same from one organization to another 11.At the end of a fixed period, the petty cashier received a fixed sum of money. ...

1. The amount of the imprest is the same from one organization to another

11.At the end of a fixed period, the petty cashier received a fixed sum of money.

111. At the end of a period, the petty cashier is reimbursed with the amount spent in that period.

1V. The system is a method by which a measure of control is kept on petty cash expenses.Which of the above is correct about the imprest system?