CIMA Fundamentals of financial accounting BA3 Question # 54 Topic 6 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 54 Topic 6 Discussion

BA3 Exam Topic 6 Question 54 Discussion:
Question #: 54
Topic #: 6

GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:

BA3 Question 54

How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?


A.

The total spend of $185


B.

The float total of $250.


C.

The total of the float and total spend of $435


D.

The difference between the float and total spend of $65


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