An imprest cash account is used for specific purposes and contains a stipulated amount of money.

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An imprest cash account is a type of account that contains a stipulated amount of money and is used for specific purposes, such as petty cash or travel expenses. The purpose of an imprest system is to ensure that the balance in the account is constantly maintained at the predetermined level, which helps to prevent fraud and misappropriation of funds.

An Imprest Cash Account Is Used for Specific Purposes and Contains