An imprest petty cash fund petty is a cash fund maintained at a constant level via replenishment with the value of receipts paid out of the fund.

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An imprest petty cash fund is indeed maintained at a constant level via replenishment with the value of receipts paid out of the fund. This means that the fund is always kept at a certain amount, usually decided upon in advance, and when money is paid out of the fund for approved expenses, the petty cash custodian is reimbursed for the exact amount spent, so that the fund remains at the predetermined level. This system helps to ensure accurate record-keeping and control over petty cash transactions.

An Imprest Petty Cash Fund Petty Is a Cash Fund