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The imprest system is a form of financial accounting. The most common is petty cash. [1] The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period or when circumstances require because money was spent, will be replenished. This replenishment will come from another account, for example petty ...
Overview. Aid voucher issued in 2011 after 2010 flooding in Pakistan. Cash and Voucher Assistance is an umbrella term for a range of aid activities characterised by the transfer of cash, cash-equivalent or goods and services equivalent resources directly to aid recipients. [26] CVA has also been called, variously, Cash Based Intervention (CBI ...
Vouching is a technical term that refers to the inspection of documentary evidence supporting and substantiating a financial transaction, by an auditor. It is the essence of auditing [1] Vouching is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of account.
Oversight of petty cash is important because of the potential for abuse. Examples of petty cash controls include a limit on disbursements and monthly audits by someone other than the custodian. [3] Use of petty cash is sufficiently widespread that vouchers for use in reimbursement are available at any office supply store.
Labour vouchers (also known as labour cheques, labour notes, labour certificates and personal credit) are a device proposed to govern demand for goods in some models of socialism and to replace some of the tasks performed by currency under capitalism.
t. e. Company scrip is scrip (a substitute for government-issued legal tender or currency) issued by a company to pay its employees. It can only be exchanged in company stores owned by the employers. [1][2][3] In the United Kingdom, such truck systems have long been formally outlawed under the Truck Acts. In the United States, payment in scrip ...