Imprest System Meaning How It Works For Petty Cash
What is the Imprest System? Examples The petty cash Imprest system is one of the most common types of an imprest system that is used to record petty transactions when it is inconvenient or impractical for the users to cut cheques. An Ltd seeks to create a reserve to maintain all its petty cashPetty CashPetty cash means the small amount that is allocated for the purpose of day to day operations....