Which of these is not an essential feature of the imprest petty cash system?

Question

Quizplus · Accepted Answer

The imprest petty cash system requires a fixed amount of cash known as the imprest amount or 'float' and a system for ensuring that the total cash and vouchers always equals this amount. It also requires the fund to be replenished for the exact amount spent in the period. However, there is no requirement for several people to be authorized to reimburse expenses. Often, only one designated person is responsible for handling petty cash expenses.

Which of These Is Not an Essential Feature of the Imprest