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
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 >
A company accounts for goodwill impairment by testing the current value of its goodwill assets against its recorded value on an annual basis. If the value of the company's goodwill has fallen during the previous year, the company is considered to have a goodwill impairment. To account for this, the company must record the current, lower value of its goodwill on its balance sheet.Full Answer >
Operating leases are treated as rental expenses for the lessee, and refer to contracts that permit use, but not ownership, of an asset. Operating leases are accounted for through the recording of periodic payments on the rented asset. Lease payments are defined as an expense on the renter’s income statement. Dissimilar to capital or financial leases, operating leases are not considered assets or liabilities on the lessee’s balance sheet.Full Answer >