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Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:

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What is the entry in the replenishment of fluctuating fund?

The entry in the replenishment of a fluctuating fund typically involves debiting the fluctuating fund account and crediting the cash or bank account. This reflects the transfer of cash to restore the fluctuating fund to its predetermined balance after expenditures have been made. The process ensures that the fund remains adequately financed for ongoing operational expenses or other designated purposes.


Describe a mutual fund?

A mutual fund is an investment instrument for the common man does not have the time or expertise to invest directly in the stock market. an experienced investor pools in money from such investors and invests in the stock market on their behalf. This person is called the fund manager and the organization that employs this person is the fund house. The whole system is called a mutual fund.


What is stabilization fund?

A stabilization fund is a financial reserve set up by governments or organizations to manage economic volatility and ensure fiscal stability. It typically accumulates surplus revenues during periods of economic growth, which can then be drawn upon during downturns to support public services or balance budgets. This helps mitigate the impact of fluctuating revenues, particularly in resource-dependent economies. The fund aims to provide a buffer against economic shocks and maintain consistent service levels.


What is imperest fund system?

The imprest fund system is a financial management method used primarily for handling small, routine expenses. Under this system, a fixed amount of money is allocated to a specific fund, which is replenished as expenses are incurred and documented. This approach simplifies bookkeeping and ensures that cash flow is managed effectively, as expenditures are pre-approved and tracked. It is commonly used in organizations for petty cash or operational expenses.


What is mis report used in mutual fund?

A MIS (Management Information System) report in mutual funds is a comprehensive document that provides detailed insights into the fund's performance, investment allocations, and financial metrics. It helps fund managers, stakeholders, and investors track key indicators such as returns, risk levels, and compliance with investment strategies. These reports are essential for making informed decisions, assessing fund health, and ensuring transparency in fund management.

Related Questions

What is the entry in the replenishment of fluctuating fund?

The entry in the replenishment of a fluctuating fund typically involves debiting the fluctuating fund account and crediting the cash or bank account. This reflects the transfer of cash to restore the fluctuating fund to its predetermined balance after expenditures have been made. The process ensures that the fund remains adequately financed for ongoing operational expenses or other designated purposes.


What is journal entry for fluctuating fund system?

establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx


What planet has the most fluctuating surface temperature in the solar system?

Jamaica


What fund accounting?

Fund accounting is the accounting system emphasizing on accountability rather than profitability


What is a vanguard total bong market index fund?

A vanguard total bong market index fund is set up to provide exposure for US markets. (Us grade investment bonds) People can invest in this, but the risk is always the same such as fluctuating interest rates and decreasing price of the bond.


What does fluctuating load means?

Load refers to the power required to accomplish a task. In electricity a device's load fluctuates depending on what it is doing. If it is starting an application it is under a bigger load than if it is just on standby.


What is fund utilization in banking system?

Fund utilization is when the use of funds is governed by the fund authority for the specified fund type, or in the case of trust funds for the specified account. Managers are responsible for understanding the restrictions on use for all fund types, and for any trust account utilized by the department.


What is GFEBS?

GFEBS stands for General Fund Enterprise Business System.


What are fluctuating current assets?

Fluctuating crrent assets is the assets which haven't direct relationship with sales!


Which are the fluctuating dividend policies?

this policy is that policy which is fluctuating in nature and the shareholders do not generally go for this dividend policy.


The primary purpose of the International Monetary Fund is to?

oversee the global financial system.


Who issues fund to the bases using automated funds management system?

MAJCOMS