13 Which of the following correctly describes the imprest system for operating petty cash?AA All exp

13 Which of the following correctly describes the imprest system for operating petty cash?

A All expenditure out of petty cash must be supported by a properly authorised voucher.

B A regular equal amount of cash is transferred into petty cash.

C The exact amount of expenditure out of petty cash is reimbursed at intervals.

D A budget is fixed for a period which petty cash expenditure must not exceed.

您可能感兴趣的试题

14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.

答案解析
15 Which of the following statements about intangible assets are correct?

答案解析
16 Which of the following events between the balance sheet date and the date the financial statements are

答案解析
17 A company sublets part of its office accommodation. In the year ended 30 June 2005 cash received from tenants

答案解析
18 Which of the following statements about accounting ratios and their interpretation are correct?

答案解析
19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowance for receivables to the equivalent of 5 per cent of the trade receivables based on past events.

答案解析