What Is an Imprest Account?

Answer

It's an account into which a fixed amount of money is placed for the purpose of making change or minor disbursements. As disbursements are made, a voucher is completed to record the date, amount, nature, and purpose of the disbursement.
Q&A Related to "What Is an Imprest Account"
The imprest account is a petty cash account.
http://wiki.answers.com/Q/What_is_imprest_amount_i...
Fund established to pay specified losses, usually the low severity property losses. This type of account is an excellent device in conjunction with a self - insurance plan, in which
http://www.answers.com/topic/imprest-account
I've seen an 'imprest counter' at First Point and always just assumed it was some special counter for the blind, with braille facilities (as in 'impressed'). I feel silly now.
http://www.sheffieldforum.co.uk/showthread.php?t=2...
The fund custodian is the individual who applied for the revolving fund. The fund custodian is responsible for the fund’s money, accuracy, use and timely reconciliation of the
http://www.gao.az.gov/FAQ/details.asp?FaqID=15
1 Additional Answer
According to accounting methodologies, an imprest account is described as an account into which a fixed amount of money is placed for the purpose of making change or minor disbursements. As disbursements are made, a voucher is completed to record the date, amount, nature, and purpose of the disbursement.
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