13. Imprest amount *5,000. What will be the amount of re-imbursement if
following expenses were incurred by the petty cashier during the month
Wages = 1,450, Tiffin = $1,050, small Repairs = 500, General expenses =
*400.
(a) ₹1,600
(b) 3,400
(c) 3,050
(d) 3,000
Answers
Answer:
3400 is correct answer
Explanation:
5000-(1450+1050+500+400)=3400
Answer:
The situation referred to in the question is when a petty cashier has been provided with a reimbursement sum of 5,000 yen to pay various costs for the next month.
Explanation:
The petty cashier has shelled out 2,050 yen: 1,450 for salary, 1,050 for lunch, 500 for minor repairs, and 400 for miscellaneous costs. Now, the question requests that you determine how much reimbursement the petty cashier can get and compute that amount.
To determine the amount that will be reimbursed, we need to deduct the expenditures that the petty cashier spent from the original amount handed to them as an imprest. In this scenario, the petty cashier racked up 3,400 yen of charges (1,450 plus 1,050 plus 500 plus 400). Because of this, the total amount that will be refunded will be 1,600. (5,000 - 3,400).
So, the answer you are looking for is 1,600 British pounds, which may be found in choice (a).
In accounting, a situation like this is often used to manage and keep tabs on costs that occur frequently and in tiny amounts. The imprest method ensures that the petty cashier always has access to a predetermined sum of money, which they may use to pay for expenditures without obtaining clearance for each purchase. When the costs have been incurred, the petty cashier will send the specifics of the expenses to the accounting department. The accounting department will then compute the amount of the reimbursement based on the costs that have been spent.
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https://brainly.in/question/54147939
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https://brainly.in/question/7397040
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