Small amount of currency and coins that a company uses to pay small amounts in cash.
An imprest system of petty cash:
The general ledger account Petty Cash will remain dormant at a constant amount. If the amount of petty cash is Rs.5000, then the Petty Cash account will always report a debit balance of as same. This Rs. 5000/- is the imprest balance.
If expenses out of this amount than always withdrawal cash from company to maintain this limit.