C is false because petty cashier gets money from head cashier that is petty cashier is been given money at the end of definitely period by the head cashier

The Imprest System:

The Imprest system is a method of controlling and monitoring petty cash expenses in an organization. Under this system, a fixed amount of money is entrusted to a petty cashier for making small day-to-day expenditures. The system ensures accountability and transparency in managing petty cash funds.

False Statement:
The false statement regarding the Imprest system is (d) B.

Explanation:
Let's analyze each statement to understand why statement (d) is false.

A. Head cashier is given money at the end of the definite period:

This statement is true. In the Imprest system, the head cashier initially provides a fixed amount of money to the petty cashier to establish the petty cash fund. The head cashier determines the amount based on the estimated expenses for a specific period, such as a week or a month. This initial amount is given to the petty cashier at the beginning of the period.

B. Head cashier reimburses the amount actually spent by the petty cashier:

This statement is false. In the Imprest system, the head cashier does not reimburse the amount actually spent by the petty cashier. Instead, the petty cashier is responsible for maintaining records of all petty cash expenses and providing the necessary vouchers and receipts for verification. At the end of the defined period, the petty cashier presents the records and vouchers to the head cashier for review.

The head cashier then replenishes the petty cash fund by reimbursing the petty cashier with the fixed amount initially provided. The reimbursement is based on the total amount of valid and authorized expenses supported by proper documentation. The purpose of this replenishment is to restore the petty cash fund to its original fixed amount.

Conclusion:

In conclusion, statement (d) B is false. The head cashier does not reimburse the amount actually spent by the petty cashier in the Imprest system. Instead, the head cashier replenishes the petty cash fund based on valid and authorized expenses supported by proper documentation.