Question

The imprest system pertains to

Answer 1

Explanation:

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.

Answer 2

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.