CIMA Fundamentals of financial accounting BA3 Question # 80 Topic 9 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 80 Topic 9 Discussion

BA3 Exam Topic 9 Question 80 Discussion:
Question #: 80
Topic #: 9

MNO operates an imprest system to maintain a float of petty cash of 5100 At the end of the week the petty cash expense vouchers total $76 and there is $36 cash in the float. Which of the following, taken independently, would explain this difference of $10?


A.

The total of the expense vouchers has been overstated by $10


B.

$10 expense has been paid for which there is a missing expense voucher


C.

A $20 bill has been counted as a $10 bill in the float


D.

A $10 receipt from an employee has not been added to the float


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