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PRC-1 · Chapter 2 · Question 97 of 100

A petty cashier is assigned an imprest of Rs. 8,000. Under what circumstance would the main cashier reimburse more than Rs. 8,000 to the tin?

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Reveal answer & explanation

Correct answer: B) Only if management decides to permanently increase the float limit above Rs. 8,000.

Explanation

In normal operations, reimbursement only replaces what was spent up to the float limit. Reimbursement can exceed the original limit only if management formally authorizes a permanent increase in the float size.

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