An imprest petty cash fund of $600 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $200 in supplies, $73 for meals, $82 for fuel, and $67 for taxi fare. How much cash should be left in the fund?

A.

$1022

B.

$600

C.

$178

D.

$245

C. $ 178

Explanation:

The total minor disbursements from the petty cash fund need to be aggregated.

Purchase of supplies $ 200

Meal expenses $ 73

Fuel expenses $ 82

Taxi fare $ 67

Total disbursements $ 422

Petty cash fund $ 600

Cash left in hand = Value of petty cash fund - Disbursements

$ 600 - $ 422 = $ 178