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The most common imprest system is the system

This question belongs to Commerce Accounting
Accounting
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The most common imprest system is the ______ system

Answer & Solution
Correct Answer: Option A
The most common imprest system is the Petty cash system. The base characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished.
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