An imprest system is a way to account for petty cash by maintaining a constant balance in the petty cash account.

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An imprest system is a method of keeping a fixed amount of money in a petty cash account, which is replenished as needed to keep the balance at the predetermined level. This system helps to ensure that accurate records are maintained and that there is no opportunity for misappropriation of funds.

An Imprest System Is a Way to Account for Petty