Petty Cash Fund

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4 Terms

1
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Imprest System

A system of control of cash which requires that all cash receipts should be deposited intact and all cash disbursement shiuld be made by means of check.

2
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Petty cash may be accounted for:

  1. Imprest System

  2. Fluctuating system


3
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Petty Cash Accounted

  • What is physically present

  • represents everything actually found in the petty cash box during a count


4
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A

A