A surprise count of an imprest petty cash fund should find the total of ________ equal to the amount authorized for the fund.

Question

Quizplus · Accepted Answer

The total of cash and vouchers in an imprest petty cash fund should equal the amount authorized for the fund. Vouchers represent expenses that have been paid out of the fund, so their total plus the remaining cash should match the fund's authorized amount.

A Surprise Count of an Imprest Petty Cash Fund Should