Imprest account
This query is : Resolved
CA Vivek Kumar Sharma
(Querist)
30 July 2011
DEAR SIR
WHAT IS THE NATURE OF IMPREST ACCOUNT HOW IT IS TRANSATION PASS, EXACT MEANING & SHOW IN ACCOUNT
CA VIVEK SHARMA
SIDHI(M .P)
M.NO 09425179400
WHAT IS THE NATURE OF IMPREST ACCOUNT HOW IT IS TRANSATION PASS, EXACT MEANING & SHOW IN ACCOUNT
CA VIVEK SHARMA
SIDHI(M .P)
M.NO 09425179400
CMA Ramesh Krishnan
(Expert)
31 July 2011
Imprest account nothing but petty cash book. Example you give Rs.100 to one person and he spends the same and give the bills and again you give some cash for further expenses, it will be routine process.
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