paticash
Petty Cash
paticash
website paticash Petty cash may be used to reimburse an individual for a purchase that was made using hisher personal funds Upon presentation of original, itemized receipts to paticash The petty cash custodian records all transactions and maintains a running balance The custodian may have to justify the expenditures
paticash It is prepared by two methods: Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending Petty cash funds allow employees to make small, authorized purchases without the hassle of filing an expense report This, in turn, reduces bookkeeping tasks, An analytical petty cash book is the most effective way to record petty cash payments A separate column is assigned for each petty expense on
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