WAEC Accounting 2013 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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A petty cashier received a float of GH120 and spent GH84. The imprest is
- A. GH204
- B. GH120Correct
- C. GH84
- D. GH36
Explanation
The initial amount makes the impression — the imprest amount is the fixed float of GH120, regardless of expenditure incurred within the period.
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