imprest method of accn for petty cash is given. petty cash in hand if 66
sundry purch 22, loan to sales manager 10, purchase of staff drinks 19, sundry sales reci 47
what is the imprest amt?
why does the soln only substract sundry sales? shouldnt we also substract loan amt too?
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6y ago#1No. The loan is not subtracted because the sales manager will repay the amount.
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