Cima C02 Exam Question No 13

Question No 13:

N operates an imprest system for petty cash. On 1 February, the float was $300. It was decided that this should be increased to $375 at the end of February.
During February, the cashier paid $20 for window cleaning, $100 for stationery and $145 for coffee and biscuits. The cashier received $20 from staff for the private use of the photocopier and $60 for a miscellaneous cash sale.
What amount was drawn from the bank account for petty cash at the end of February?

A. $185
B. $260
C. $315
D. $375

Answer: B