WAEC Accounting 2014 Paper

Concept:Under the imprest system, the petty cashier is reimbursed for the exact amount spent during the period so that the cash in hand returns to the fixed imprest amount.Explanation:The imprest amount is fixed at $\mathrm{D}28{,}000$.The debit balance of $\mathrm{D}5{,}000$ is the cash still remaining in the petty cash fund.The amount already spent is: $\mathrm{D}28{,}000 - \mathrm{D}5{,}000 = \mathrm{D}23{,}000$.To restore the imprest, this spent amount must be replaced with cash.Therefore, the cash needed to bring the fund back to $\mathrm{D}28{,}000$ is $\mathrm{D}23{,}000$.Answer:Option C. $\mathrm{D}23{,}000$