What is meant by an imprest bank account

Assignment Help Accounting Basics
Reference no: EM132027792

Question - What is meant by an imprest bank account for a branch operation? What is the purpose of using this type of bank account? What audit steps might an auditor take to audit this type of account?

Reference no: EM132027792

Questions Cloud

Explain data mining method and business intelligence : Explain data mining method and Business Intelligence and the enterprises levels of the business IT efforts with examples
Calculate the operating margin : Susan is a financial manager at Rvetz Corp. For this reason she needs to calculate the operating margin from the information below
Dealing with multiple links in a switched network : Do you think that configuring ether channels is a better option than configuring STP when dealing with multiple links in a switched network?
Explain why we use k-means with multiple initializations : Explain why we use k-means with multiple initializations.
What is meant by an imprest bank account : What is meant by an imprest bank account for a branch operation? What is the purpose of using this type of bank account
What is an example of when you would use it : In Java, what is recursion and what is an example of when you would use it?
Discuss ways that a hospital might measure quality : Explain the potential costs and failures of quality for Memorial Hospital and discuss how each can be measured.
Calculate the net operating income : Intake Inc manufactures vacuum cleaners. The fixed expenses are $95,000. Calculate the net operating income for 750 vacuum cleaners
Mentor project managers involved with a project : What would be the process that could be used to mentor Project Managers involved with a project?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Examples of a traditional format income statement

Include 1 data slide and examples of a traditional format income statement and the equivalent contribution format, based on that data. Use charts when appropriate to make it visually interesting.

  If a company has a very large accounts receivable 34 of

if a company has a very large accounts receivable 34 of total current assets what causes the account to rise and fall

  Bob and carl transfer property to stone corporation for 90

bob and carl transfer property to stone corporation for 90 and 10 of stone stock respectively. pursuant to a biding

  Prepare a segmented income statement in the contribution

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

  A new financial crisis has just hit the stock market and

a manufacturer for stylish clothing for teenagers. the firm has a beta of 1.4 and earned a return on equity of 20 last

  Determine the pension expense

Prepare the journal entries necessary to record the pension activity for the year. Determine the pension expense for 2017

  Expert garage pays 128000 rent each year for its two-story

expert garage pays 128000 rent each year for its two-story building. the space in this building is occupied by five

  A responsibility accounting system is designed to measure

a responsibility accounting system is designed to measure the performance of managers in terms of uncontrollable costs.

  Any taxpayers general tax planning objective is to

Any taxpayers' general tax planning objective is to: -  Any taxpayers' general strategy for achieving that objective is to:- Any taxpayers' income tax planning objective is to:

  What is the internal rate of return of the expansion project

Problem - Capital Budgeting; Project Evaluation. Assuming a 5 year time horizon, what is the internal rate of return (IRR) of the expansion project

  Prepare an acquisition analysis

Prepare an acquisition analysis and the consolidation journal entries necessary for preparation of the consolidated financial statements

  The following items appeared in accounting records of

the following items appeared in the accounting records of trigueros a retail music store that also sponsors concerts.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd