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28 March, 13:41

An imprest petty cash fund of $600 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $200 in supplies, $73 for meals, $82 for fuel, and $67 for taxi fare. How much cash should be left in the fund?

A.

$1022

B.

$600

C.

$178

D.

$245

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Answers (1)
  1. 28 March, 17:37
    0
    C. $ 178

    Explanation:

    The total minor disbursements from the petty cash fund need to be aggregated.

    Purchase of supplies $ 200

    Meal expenses $ 73

    Fuel expenses $ 82

    Taxi fare $ 67

    Total disbursements $ 422

    Petty cash fund $ 600

    Cash left in hand = Value of petty cash fund - Disbursements

    $ 600 - $ 422 = $ 178
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