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what is imprest amount?

 IMPREST SYSTEM OF PETTY CASH BOOK

Under this system, Head cashier gives a fixed amount to petty cashier for a
definite period. At the end of given period, Head cashier reimburses the amount
actually spent by the petty cashier resulting the same amount with petty cashier which
he had in the beginning of the period.

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THE AMOUNT GIVEN TO THE PETTY CASHIER IN ADVANCE IS CALLED THE  IMPREST AMOUNT.....

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the amount given by head cashier to the petty cashier 4 small expenses...

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 shruthi, it z d money given by d main cashier to the petty cashier in advance for d small xpenss of d month r known as imprest amnt.

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Going Concern Concept assumes that the business entity will continue its operation for an indefinite period of time. It is necessary to assume so, as it helps to bifurcate revenue expenditure (i.e. expenditure related to current year), and capital expenditure (i.e. expenditure whose benefits accrue over a period of time). For example, a machinery that costs Rs 1,00,000, having an expected life of 10 years, will be treated as a capital expenditure, as its benefit can be availed for more than one year; whereas, the per year depreciation of the machinery, say Rs 10,000, will be regarded as a revenue expenditure.

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the amount that is given to the petty cashier at regular intervals by the head cashier to pay off petty expenses is known as imprest amount

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