What imprest means?
An imprest is a cash account that a business relies on to pay for small, routine expenses. Funds contained in imprests are regularly replenished, in order to maintain a fixed balance. The term “imprest” can also refer to a monetary advance given to a person for a specific purpose.
What are the types of imprest?
Imprest is of two classes, namely: Standing Imprest, held throughout the financial year and replenished as and when necessary by the presentation of receipt and petty cash vouchers; and.
What is an imprest amount?
The imprest amount is the fixed amount of cash that is presumed to be located in a petty cash box. For example, the initial funding of a petty cash box is $300, and this amount is recorded in the corresponding general ledger account for petty cash.
What does Tyer mean?
Tyernoun. one who ties, or unites.
What does Impest mean?
Impestverb. to affict with pestilence; to infect, as with plague.
What is another name for imprest?
Words popularity by usage frequency
| ranking | word |
|---|---|
| #6657 | advances |
| #27989 | prepayment |
| #58760 | prepayments |
| #141479 | imprest |
What is an imprest form?
The imprest system is a form of financial accounting. The most common is petty cash. The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, will be replenished.
Who is an Imprest holder?
An Imprest Holder is an officer to whom a sum of money is advanced to enable him to effect payments on behalf of Government which cannot be conveniently effected through the Accountant-General or his Sub- Accountants, or by a self-accounting Department direct, e.g. expenses in connection with the franking of letters.
What is an Imprest form?
What does Tyler mean?
Tyler is an English (Old English) name derived from the Old French tieuleor, tieulier (tiler, tile maker) and the Middle English tyler, tylere. It also holds the meaning of “doorkeeper of an inn” or “owner of a tavern” derived from its use in freemasonry as the name of the office of the outer guard.
How do you use imprest in a sentence?
Sentences Mobile
- Both Appropriation and Imprest Supply bills fall under the rubric of confidence and supply.
- The most common way of accounting for petty cash expenditures is to use the imprest system.
- It is much more difficult to reconcile a non imprest system as one never knows how much exactly should be in the float.