The maximum level of cash held by by a cashier under an imprest system is a/an

The maximum level of cash held by a cashier under an imprest system is called the float. An imprest system is a method of controlling cash disbursements and is commonly used by organizations to manage their petty cash funds. Under this system, a fixed amount of cash is provided to the cashier or custodian of the fund, which is known as the float. This float is used to make small, routine payments such as office supplies or travel expenses. The float represents the maximum amount of cash that the cashier is authorized to hold at any given time. It is set by the organization based on the expected level of cash disbursements and is typically replenished periodically. Once the cash in the fund reaches a certain level, a reimbursement or advance is made to bring the float back up to its authorized level. In summary, the maximum level of cash held by a cashier under an imprest system is called the float. It represents the amount of cash authorized to be held by the cashier for small, routine payments, and is typically replenished periodically to maintain its authorized level.