What is an imprest petty cash system, Accounting Basics

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What is an imprest petty cash system

Consider the following questions:

1. What is internal control?

2. What is an imprest petty cash system?

3. What is the difference between establishing and replenishing the petty cash fund?

4. How does the preparation of a bank reconciliation strengthen the internal control of cash?

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Accounting Basics: What is an imprest petty cash system

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Accounting Basics: What is an imprest petty cash system

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