JAMB Accounting 2020 Objective — Question 26

Question 26 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

26. Reimbursement in imprest system is

A. A. Payment of debt
B. B. Amount spent from the imprestCorrect
C. C. Compensation pay for loss
D. D. Repayment

Explanation

Reimbursement is the amount returned to the petty cashier for the petty expenses incurred within a particular period of time.

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