The amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as.....

advance

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loan

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imprest / float

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all the three

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Solution

The correct option is C imprest / float
The amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as imprest /float.

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Similar questions

Q. Imprest system of Petty Cash book is system in which head cashier first estimates the total petty expenses of a particular period say month or fortnight and estimated amount is given to petty cashier in advance to meet petty expenses of particular period.

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Q. Journal entry for cash handed over to the petty cashier is :-
Petty Cash A/c Dr.
To Cash A/c

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

Q. When Petty Cash is advanced to the Petty Cashier, the main cashier will record it on the debit side of Cash Book.

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The amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as.....

The correct option is C imprest / floatThe amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as imprest /float.

The correct option is C imprest / float
The amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as imprest /float.