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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.
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What is Fluctuating fund system?
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:
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 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.
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is a fund of hedge fund?
It is a fund that invests in a portfolio of hedge funds.
What is imperest account?
An imprest account is a type of financial account used to manage and control petty cash expenses within an organization. It operates on a fixed fund system, where a set amount of money is allocated to the account, and expenditures are made from it as needed. When the fund runs low, it is replenished to the original amount, usually by submitting receipts for the expenses incurred. This system helps maintain accurate records and ensures that spending is monitored effectively.
What is Fluctuating fund system?
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:
What fund accounting?
Fund accounting is the accounting system emphasizing on accountability rather than profitability
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 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.
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
What is imprest fund system?
The imprest fund system is a system of control of cash which requires that all cash receipts should be deposited intact and all cash disbursements should be made by means of check.This is the one usually followed in handling petty cash transactions.
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.
Who is responsible for maintaining a system of positive funds control?
Resource Managers/Fund Holders
Functions of international monetary fund?
The International Monetary Fund was first established to help in the reconstruction of the payment system after World War II. Its function is to help with economic and global growth.
