<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The imprest system is a form of financial accounting system . The most common imprest system is the petty cash system . The base characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished . This replenishment will come from another account source, e.g., petty cash will be replenished by cashing a cheque drawn on a bank account . </P> <P> Petty cash imprest system allows only the replenishment of the spend made . So, if one starts the month with € 100 in one's petty cash float and spend € 90 of that cash in the month, an amount of € 90 will be then placed in one's petty cash float to bring the balance of your petty cash float back to € 100 . The replenishment is credited to the primary cash account, usually a bank account (Dr - Petty Cash a / c, Cr - Bank a / c) and the debits will go to the respective expense accounts, based on the petty cash receipt dockets (Dr - Expense a / c, Cr - Petty Cash a / c)... </P>

What is an imprest system of petty cash
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