The amount paid to the petty cashier at the beginning of a period is known as __________ amount.

Imprest

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None of these

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Solution

The correct option is B Imprest
Imprest - It is a fund used by a business for small items of expenditure, and restored to a fixed amount periodically.
Hence, a petty cash book is kept on the imprest amount.

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The amount paid to the petty cashier at the beginning of a period is known as __________ amount.

The correct option is B ImprestImprest - It is a fund used by a business for small items of expenditure, and restored to a fixed amount periodically.Hence, a petty cash book is kept on the imprest amount.

The correct option is B Imprest
Imprest - It is a fund used by a business for small items of expenditure, and restored to a fixed amount periodically.
Hence, a petty cash book is kept on the imprest amount.