Imprest.

An imprest account is a type of account used to track and manage petty cash expenditures. The account is usually kept at a low level, with only enough cash to cover small, routine purchases. As expenditures are made, they are recorded in the account. When the account reaches a predetermined low level, it is replenished … Read more

What Is a Bargain Purchase in Finance?

When a company is looking to acquire another company, they will often negotiate a purchase price. This purchase price is typically based on the value of the target company’s assets. However, sometimes the two companies will agree on a purchase price that is less than the value of the target company’s assets. This is known … Read more

What is the Internal Rate of Return or IRR?

The definition of Internal Rate of Return (IRR) is the rate of return provided by an investment, considering the percentage of loss or profit that said business will have for the amounts invested. It is a meter used in the evaluation of investment projects closely linked to the Net Present Value. It is also considered … Read more