What is the difference between imprest fund system and fluctuating system in Petty cash?

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What is the meaning of Imprest System of Petty Cash?
Posted by:
manseer muhammed ali
30-December-2015

Petty Cash Accounting Cash Control Cash Handling Economics

Question added by Maribee Bello , Accountant General , Tiger Group (Al Sabeel Real Estate Mgmt.)
Date Posted: 2016/04/23

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by Imelda Paulino , Associate Store Manager , Majid Al Futtaim

Imprest fund is a fixed cash or petty cash in the form of coin or other currency that has been advanced to the cashier while fluctuating fund system is handling petty cash fund wherein expenditure, voucher/receipt is debited directly with petty cash fund as credit.

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by mohamed imran sha , ASSISTANT MANAGER , BASKIN ROBBINS

Imprest Fund system, "In this system the amount of petty cash funds in the account alwaysRemains, in the amount of the check is handed over to the cashier to petty cash to Establish a petty cash fund".

Fluctuation Fund System ‘’In a system of petty cash account balance fluctuations fixed, but fluctuates According to the amount of back filling and expenditure-expenditure of petty cash".