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Which of the following correctly describes the imprest system of operating petty cash?

A    The petty cash float is replenished by regular periodic transfers of equal amount.
B    The petty cash float is replenished by periodic transfers of the actual expenditure in the period.
C    All expenses must be supported by a properly authorised voucher.
D    Petty cash is operated outside the business double entry accounting system.

B

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b

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b

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s

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A

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?

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d

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a

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