Accountancy, asked by Harshinidwibhashyam, 7 months ago

what is imprest system

Answers

Answered by keshavjl420

Explanation:

The imprest system is a form of financial accounting. The most common is petty cash. The basic 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, will be replenished.

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