What are the advantages of an imprest petty cash book?
I cheques can be drawn easily
II A cheque on the use of cash
III Liability of the petty cashier is limited to the value of petty cash
IV Loses through the petty cashier can be minimized
A I, II and III only
B I, II and IV only
C I, III and IV only
D II, III and IV only
Answer is C
