Imprest system

The imprest system is a form of financial accounting. The most common is petty cash.[1] The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period or when circumstances require because money was spent, will be replenished. This replenishment will come from another account, for example petty cash may be replenished by cashing a cheque drawn on a bank account.

  1. ^ "Imprest system - What is the imprest system?". debitoor.com. Retrieved 2020-06-04.

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