An imprest fund has a credit balance at all times, which equals the sum of ▼ accounts receivable cash in the bank cash in the fund deposits in transit plus the ▼ check stubs credit memos total of the tickets that support payments from the fund. the internal control feature of an imprest fund is that it ▼ clearly debits clearly identifies decreases increases the amount of money for which the fund custodian is responsible.

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Business

Korbin Cummings

22 May, 23:24

An imprest fund has a credit balance at all times, which equals the sum of ▼ accounts receivable cash in the bank cash in the fund deposits in transit plus the ▼ check stubs credit memos total of the tickets that support payments from the fund. the internal control feature of an imprest fund is that it ▼ clearly debits clearly identifies decreases increases the amount of money for which the fund custodian is responsible.

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An imprest fund has the same balance at all times, which equals the sum of cash in the fund plus the total of the tickets that support payments from the fund. The internal control feature of an imprest fund is that it clearly Identifies the amount of money for which the fund custodian is responsible.