Question

A petty cash book has an imprest amount of $100 which is restored on the last day of each month. During August, the petty cash payments totalled $86. A loan from petty cash, $20, to a member of staff in July was repaid on 29 August. The imprest was restored on 31 August . How much was shown for petty cash in the statement of financial position prepared at closed business on 31 August? A) $14 B) $34 C) $66 D) $100​

Answer 1

Answer:

DK

Explanation: DK