WAT IS IMPREST SYSTEM OF BOOK KEEPING FAST URGENT

Dear Student,
Imprest system is a kind of financial accounting system under which a fixed amount is reserved for various expenses to be incurred in a fixed period, and at the end of  such fixed period or as when required this amount is replenished. It is most commonly used for meeting petty cash expenses and the same has been explained in our study material available at our website. Please browse to following link to understand the working of imprest system of maintaining cash book.

https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-i/recording-of-transactions-ii/394_2366_14102#slide7_imprest-system-of-cash-book-and-its-balancing

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