Accountancy, asked by harvindersingh16982, 7 months ago

imprest system of petty cash ​

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Answered by ItzVittesh95
14

Answer:

The imprest system is a form of financial accounting system. The most common imprest system is the petty cash system. The base characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished.

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Answered by nitinverma1008
0

Answer:

The imprest system is a form of financial accounting system. The most common imprest system is the petty cash system. The base characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished.

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