An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. If there is $13 left in the fund, how much cash is required to replenish the fund?

Question

Quizplus · Accepted Answer

The total expenses are $185 + $41 + $86 + $65 = $377. Since there is $13 left in the fund, the cash required to replenish it is $400 - $13 = $387.

An Imprest Petty Cash Fund of $400 Was Established for Minor