10.A business operates its petty cash on the imprest system .At the beginning of the month the petty cashier was given $200.She spent
$152.How much will she be reimbursed?
a. $48
b. $152
c. $200
d. $352​

$152

Explanation:

Imprest system simply refers to a form of accounting whereby there's a fixed amount that is maintained throughout the period. In such case, the opening balance and the closing account balance will remain the same.

In such system, a fixed amount is reserved, such that the money that was spent, will be replenished after a period of time. Therefore, since the spent $152, then the same amount will be replenished.

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