MNO operates an imprest system to maintain a float of petty cash of 5100 At...

Vendor: CIMA
Product: BA3
Update on: Jul 29, 2025
Questions: 393

CIMA BA3 Question Answer

MNO operates an imprest system to maintain a float of petty cash of 5100 At the end of the week the petty cash expense vouchers total $76 and there is $36 cash in the float. Which of the following, taken independently, would explain this difference of $10?

The total of the expense vouchers has been overstated by $10

$10 expense has been paid for which there is a missing expense voucher

A $20 bill has been counted as a $10 bill in the float

A $10 receipt from an employee has not been added to the float