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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 85 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 85
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:

How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?

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Suggested Answer: A

Contribute your Thoughts:

Carisa
3 days ago
That's a good point, But the question specifically asks about maintaining the float amount.
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Pa
19 days ago
I'm not so sure. Shouldn't we consider the total spend as well?
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Martina
23 days ago
I agree with The imprest system is maintained by keeping the float amount constant.
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Carisa
29 days ago
I think the answer is B) The float total of $250.
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Cheryll
1 months ago
We need to transfer the float total of $250.
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Leota
1 months ago
What do we need to transfer from the bank account?
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