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Imprest a/c

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(Querist)
29 June 2012 My company is giving me fund in my salary a/c for co. exp. company is sowing my ledger as imprest a/c is it ok or wrong for me.
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gbalakrishnan

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gbalakrishnan (Expert)
29 June 2012 YES IT IS LIKE ADVANCE GIVEN TO YOU ONE EXPENDED YOU CAN GET REIMBURSED AND IF YOUR COMPANY ISSUES THAT IMPRESST ACCOUNT LETTER THEN YOU CAN KEEP THAT MONEY AND IT IS IDEAL FOR YOU YOU MAINTAIN SEPARATE SAVINGS A/C FOR THIS IMPRESST MONEY AFTER ALL A Os MAY MAKE IRRATIONAL VIEW THAT MONEY IS YOUR OWN AND INCLUDE IT AS INCOME. ALWAYS BETTER MAINTAIN SEPARATE S/B A/C IF IMPRESST ACCOUNT MONEY IS MUCH MORE THAN YOUR REMUNERATION!
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Manoj Sharma

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Manoj Sharma (Querist)
29 June 2012 sir it is my salary a/c
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