Regarding the treatment of Imprest Account

Akshay Sharma (Student) (24 Points)

12 August 2023

Imprest Account comes under which group?
A. Loans & Advances (Asset)
B. Current Assets

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5 Replies

sabyasachi mukherjee (26132 Points)
Replied 12 August 2023

Current assets.
loans and advances are under non current assets.

RAJA P M ("Do the Right Thing...!!!") (127227 Points)
Replied 12 August 2023

Under Loans & Advances

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sabyasachi mukherjee (26132 Points)
Replied 13 August 2023

Imprest account falls within the scope of Current assets
Cash and bank..

RAJA P M ("Do the Right Thing...!!!") (127227 Points)
Replied 13 August 2023

Cash and Bank is under Current Asset...
But, The imprest account is under Loans and Advances...

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 13 August 2023

Current Asset

Advance

Imprest for TA/DA
Imprest for other sections

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