The white blooms dotted the asphalt and swirled in the breeze under the orange glow of the street lamps.
What is 'Imprest'. An imprest is a cash account that a business uses to pay for small, routine expenses. A fixed balance is maintained in the account, and it is replenished routinely to maintain that balance. Alternatively, an imprest can refer to a monetary advance given to a person for a specific purpose.
Advantages of Imprest System of Petty Cash Book: 1. It relieves the cash book and the Chief Cashier of the burden of recording tiny and frequent payments. 2. Commission of fraud is reduced as the Chief Cashier verifies petty cash book along-with vouchers and the Petty Cashier is more responsible.