An imprest petty cash fund would least likely be used to pay for which of the following items?

Question

Quizplus · Accepted Answer

An imprest petty cash fund is typically used for small and regular expenses that occur in the normal course of business, such as minor office supplies, stamps for small mailings, and small contributions. Monthly interest expense is not a typical item that would be paid from a petty cash fund. It would be more appropriate to include such expenses in the regular accounts payable process.

An Imprest Petty Cash Fund Would Least Likely Be Used