Refer the following example
.Mr Rahul,an Admin Executive took advance of Rs 500 for purchase of items for office toilet He purchased items for Rs 350 as per bill submitted to him of Ghai Store and duly returned balance Rs 150.
Rahul Imprest a/c Dr 500
To Cash a/c/Petty Cash A/c 500
(Cash kept with Employee is called Imprest A/c
Office Expense a/c Dr 350
To Rahul Imprest a/c 350
Cash a/c Dr 150
To Rahul Imprest a/c 150
In some companies,for petty cas concept of IOU is followed
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