A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
The petty cash monthly imprest= 28,000
Debit balance (amount left in the imprest) = 5,000
28,000 - 5,000 = 23,000
we need 23,000 to reimburse the imprest
The petty cash monthly imprest= 28,000
Debit balance (amount left in the imprest) = 5,000
28,000 - 5,000 = 23,000
we need 23,000 to reimburse the imprest