When operating an imprest petty cash system, what is the effect on the general ledger when the petty cash fund is reimbursed?
Question 2
A business maintains an imprest petty cash fund of $$ \$100 $. At the end of the week, the petty cashier has $ \$15 $ in cash and vouchers totaling $ \$83 $$. What is the amount of the cash shortage or overage?
Question 3
Which of the following journal entries is made to initially establish an imprest petty cash fund of $$ \$200 $$?
Question 4
What is the primary purpose of a petty cash voucher in an imprest system?
Question 5
If the imprest petty cash fund is increased from $$ \$100 $ to $ \$150 $$, what journal entry is required?
