imprest Sentence Examples
- The company established an imprest fund to cover minor operational expenses.
- The imprest system requires that the fund be replenished whenever disbursements reach a certain threshold.
- The imprest holder is responsible for managing the imprest fund and providing receipts for all expenses.
- Auditors periodically review the imprest fund to ensure that it is being used appropriately.
- The imprest system is designed to streamline small and frequent payments.
- Petty cash differs from imprest in that the fund is not replenished when it is disbursed but only when it is exhausted.
- The imprest fund balance should always equal the amount of cash on hand plus outstanding receipts.
- Imprest systems can help reduce fraud and control spending.
- The authorized imprest amount should be adjusted based on the frequency and volume of expenses.
- The imprest system is a form of internal control that ensures the proper management of small cash funds.
imprest Meaning
Webster
imprest (n.)
To advance on loan.
Webster
imprest (v. t.)
A kind of earnest money; loan; -- specifically, money advanced for some public service, as in enlistment.
Synonyms & Antonyms of imprest
No Synonyms and anytonyms found
FAQs About the word imprest
To advance on loan., A kind of earnest money; loan; -- specifically, money advanced for some public service, as in enlistment.
No synonyms found.
No antonyms found.
The company established an imprest fund to cover minor operational expenses.
The imprest system requires that the fund be replenished whenever disbursements reach a certain threshold.
The imprest holder is responsible for managing the imprest fund and providing receipts for all expenses.
Auditors periodically review the imprest fund to ensure that it is being used appropriately.
