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

To replenish the fund, we need to add up all the expenses and deduct it from the original amount of the fund:

Total expenses = $185 + $41 + $86 + $65 = $377

Amount needed to replenish the fund = $400 - $377 - $13 (left in the fund) = $10

Therefore, we need to add $387 ($377 + $10) to the fund to replenish it. The correct answer is option C.

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