Question:
What is the Imprest System of petty cash?
Author: Christy B.Answer:
A system petty cash where the previous week/months expense's worth of petty cash is topped up from the bank. This keeps the petty cash at a set balance, that is low enough for there not to be a great loss if there is any theft.
0 / 5 Â (0 ratings)
1 answer(s) in total