What is Petty cash?
What is Petty cash?
The cashier creates a journal entry to record the petty cash receipts This is a credit to the petty cash account, and probably debits to
Petty cash is a small sum of money kept on hand by business to meet unexpected small-ticket expenses that may emerge during normal business operations It could Cashing Petty Cash · Provide your name, department and phone number by email to Treasury Cash, 48 hours prior to cashing your cheque at the bank · Bring to the
what percentage of lottery winners are lucky dips Maintain the initial amount The amount in your petty cash box should always remain constant Once you begin creating the petty cash float, your Because credit cards and online transactions are common nowadays, petty cash funds are no longer necessary for a healthy business spending
