Imprest

In this article we discussed what is imprests and maintenance of imprets

It is maintained on form P.W.A. 3 It is a fixed sum if money given to a

subordinate to enable him to make patty payments for the work done for

department. The power to gave imprest to an individual is given by a competent

authority, with the understanding that no prior sanction is necessary for making

payment.

1. The fixed amount of imprest is entered in red ink in column 5. If additional

amount is taken during the month, it is also entered in the same way.

2. Entry for payment should be done strictly in accordance with their

occurrence.

3. Vouchers for payments should be kept as a proof of payment and a

certificate on it, “paid by me”, should also be given.

4. For keeping record of imprest, no other advance should be mixed with the

imprest amount.

5. The column 3 of the form is meant for full description of the work done or

supplies made and name of the work for which purchase has been done.

6. Account of imprest should be closed at least 2 days before the closing of

cash book.

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