A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest?
a
D33,000
b
D28,000
c
D23,000
d
D5,000
Explanation
Correct Option
cVideo Explanation
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choomygift
9 years ago
Here is an explanation:
I think C is the answer cos she already has a debit balance (that is to say she has 5,000 at hand). Giving her 28,000 will make the imprest 33,000 which is not the actual amount. So what is needed to restore the imprest is 23,000 if added to the 5,000 gives 28,000.

