Question

The term imprest system is used in relation with the

Answer 1

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 term ' imprest system ' is used in relation with the petty cash book .

The system of paying advance in the beginning and reimbursing the amount spent from time to time is called imprest system .