In a imprest system, the bank account is reimbursed for the exact amount of the disbursements made from the fund, rather than being reimbursed for round amounts.

Question

Quizplus · Accepted Answer

In an imprest system, the fund or account is replenished for the exact amount of the disbursements made, ensuring that the balance remains at a fixed level. This helps in ensuring accurate record-keeping and prevents misuse of funds. Therefore, the statement is true.

In a Imprest System, the Bank Account Is Reimbursed for the Exact