Question

what do u mean by imprest

Answer 1

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

Hey mate!




Imprest is a fund used by a business for small items of expenditure and restored to a fixed amount periodically.It is a for of Financial Accounting System.



I hope it will help you.