Imprest Account comes under which group?
A. Loans & Advances (Asset)
B. Current Assets
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Regarding the treatment of Imprest Account
Replies (5)
Current assets.
loans and advances are under non current assets.
loans and advances are under non current assets.
Under Loans & Advances
Imprest account falls within the scope of Current assets
Cash and bank..
Cash and bank..
Cash and Bank is under Current Asset...
But, The imprest account is under Loans and Advances...
But, The imprest account is under Loans and Advances...
Current Asset
Advance
Imprest for TA/DA
Imprest for other sections
Advance
Imprest for TA/DA
Imprest for other sections
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