Imprest System Reimbursement Calculation

Steps:

• Start with initial imprest float of $250 at the beginning of January.
• Subtract January expenditure of $105 from the float, leaving$145.
• Add the $15 refund received from the supplier to the remaining cash, resulting in$160.
• To restore the float to $250, reimburse the difference:$250 - $160 =$90.

Why A is correct:

• In the imprest system, the petty cashier receives exactly the net expenditure amount to restore the fixed float, calculated as total spent ($105) minus refund ($15) = $90.

Why the others are wrong:

• B ignores the refund, reimbursing only the gross expenditure of $105.
• C adds the refund to the expenditure ($105 +$15 + $25 unexplained), exceeding net needs.
• D overestimates by assuming no refund adjustment and adding an extra $55 to the initial float.

Final answer: A