- 6 Marks
FA – Nov 2022 – L1 – SB – Q4c – Recording Financial Transactions
This question asks for an explanation of how a petty cash book operates for Chief Emeka.
Question
Chief Emeka is considering setting up a petty cash book from which to pay small expenses. However, he is not sure of how a petty cash book operates.
Required:
Explain to Chief Emeka the operation of a petty cash book. (6 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Cash Management, Imprest System, Petty Cash Book, Small Expenses
- Level: Level 1
- Topic: Recording Financial Transactions
- Series: NOV 2022
Report an error