An imprest account is one that holds a fixed amount of money and is replenished after a certain period of time. A good example of an imprest account is a petty cash system that may be replenished on a daily, weekly or monthly basis.Know More
An imprest account limits what can be spent within a fixed time period. For example, if the weekly petty cash limit is $100, it is not possible to spend more. The account is replenished every week depending on how much has been used, always topping it up to $100.
It is also easier to account for spending with an imprest account as the system requires documentation with receipts and invoices for each withdrawal. Since the amount of money is a known quantity, each period's spend is easy to calculate.Learn more about Accounting
The depositor account title indicates the ownership of the funds in a deposit account. Put simply, it is the name that appears on the deposit account record.Full Answer >
An income and expenditure account is a record showing debits and credits for an organization within a particular time period. Income and expenditure accounts are also referred to as profit and loss accounts. Generally, these accounts are credited with debits and credits, whether paid or not. As a rule, transactions of a capital nature, such as payments for vehicles or sales of machinery, as well as donations from a will, should not be included in this account.Full Answer >
Account books are fairly standard office stationery, and they can be bought at most local stationery stores. Alternatively, they can be ordered online from companies such as Officeworld and Amazon. Most orders arrive within a day or two, but expedited shipping for next day delivery is also available.Full Answer >
Chase Bank has a dedicated login page for its checking account customers who have signed up for online access. Before attempting to log in to a Chase checking account, the user must obtain the required online credentials from Chase Bank.Full Answer >