Question on: JAMB Accounting - 1995
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 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
A
I, II and III only
B
I, II and IV only
C
I, III and IV only
D
II, III and IV only
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Correct Option: C
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