What is the difference between an Imprest and Non-imprest
petty cash account?
- 2 Answers
- 46221 Views
- I also Faced
- E-Mail Answers
Answer Posted / eilynn
In a non-imprest system, a fixed amount is issued every
month.
Every time cash is required, there is no incentive to
ensure all money issued has been documented because when
money is all spent, a cheque for a fixed amount is issued
by the chief cashier.
It is much more difficult to reconcile a non-imprest system
as you never know how much exactly should be in the float.
In an imprest system, the amount requested is documented.
So, at all times, you can check how much should be left in
the pretty cash float by deducting the amount spent from
the opening petty cash float.
| Is This Answer Correct ? | 82 Yes | 13 No |
Post New Answer View All Answers
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
please give me a last 10 years sbi clerk question and answer paper
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
plz send me the accounting questions and answers of bank of america.
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
What is meant by advance ruling? What is the scheme of advance rulings?
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
