JAMB Accounting 2018 Objective — Question 39

Question 39 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

The fixed amount of money given to a petty cashier at the beginning of a period is called

A. imprest
B. floatCorrect
C. cash advance
D. -

Explanation

Float is the amount allotted to a petty cash book which will be reimbursed periodically.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2018 Objective More Accounting past papers