1. The amount of the imprest is the same from one organization to another
11.At the end of a fixed period, the petty cashier received a fixed sum of money.
111. At the end of a period, the petty cashier is reimbursed with the amount spent in that period.
1V. The system is a method by which a measure of control is kept on petty cash expenses.

Which of the above is correct about the imprest system?

• A.1, 11 and 111
• B.1, 111 and 1V
• C.11 and 1V
• D.111 and 1V
• E.