The fixed amount of money given to a petty cashier at the beginning of a period is called?
-
Imprest
- float
- cash advance
- cash
The correct answer is: A
Explanation
The word 'imprest' means 'advance amount' given to certain person to make petty payments. It is a system of petty cash book where a person (petty cashier) is given a fixed amount in the beginning of the month or week.