Accounting terms
Accounting articles
Accounting news
Home Terms with I Imprest System

<< previous ‹ Go back Comments next >>

Go back Rating:

Accounting term:

Imprest System

Definition:A method of topping up petty cash. A fixed sum of petty cash is placed in the petty cash box. When the petty cash balance is nearing zero, it is topped up back to its original level again (known as 'restoring the Imprest').
Related terms:
Rate it:

Current Comments
0 comments so far (post your own)

Leave your comment about Imprest System
Name:
Email:
Comments:





Accounting terms Home Accounting Contact
Accounting terms by letter:





Some accounting terms:
  • Financial Executives International
    Professional association for financial executives [...]
  • Net profit
    The value of sales less expenses assuming that the [...]
  • First in, First out
    Accounting method of valuing inventory under which [...]
  • Business transaction
    A business event, such as the buying, selling, or [...]

All material copyrighted by its original creator , ©2009 Accounting-Terms.net. All Rights Reserved. Privacy , Terms