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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 ...
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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.
This version also included a feature to view and store an invoice for each transaction. An AutoPay facility for recurring payments was also added. [ 32 ] [ 33 ] [ 34 ] As of August 2021, State Bank of India , Bank of Baroda and Paytm Payments Bank have been live on UPI AutoPay, each registering 660,000, 204,000, and 186,000 mandates ...
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Coupon. In marketing, a coupon is a ticket or document that can be redeemed for a financial discount or rebate when purchasing a product. Customarily, coupons are issued by manufacturers of consumer packaged goods [1] or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail ...