Question

What is imprest system of cash book​

Answer 1

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.

Answer 2

Answer:

the imprest system of cash book is it is a method for pretty cash by maintaning a balance in fund equal pretty cash receipts plus additional cash in fund.

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