Accountancy, asked by gouravrohilla33981, 18 days ago

What is imprest system of petty cash book? Prepare a petty cash book with
imaginary figures.

Answers

Answered by angadyawalkar09

Answer:

The Chief Cashier examines the cash book with the vouchers. Then, Chief Cashier gives money/cheque for the exact amount, which he actually spent during the period. Thus, he starts for the next period with the same sum as held previously. ... This amount is given to the Petty Cashier.

Explanation:

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