Accountancy, asked by thasnakavarody, 1 day ago

briefy explain imprest system with an example​

Answers

Answered by ggnvxxzznjgf
3

Answer:

The imprest system is an accounting system designed to track and document how cash is being spent. The most common example of an imprest system is the petty cash system. ... This means that the general ledger account for imprest will never have another entry unless the amount of cash assigned to it is deliberately changed.

ex - petty trash system

Answered by RashmiKotyan009
5

Answer:

The most common example of an imprest system is the pretty cash system.

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